Regulatory Alerts2015-01-01
Circular No. 161/2015: Disclosure of Ritz Leasing for Financial Leasing Services Data in the Credit Report
The Palestine Monetary Authority issued Circular No. 161/2015 to mandate the disclosure of Ritz Leasing for Financial Leasing Services data within the national Credit Information System. Effective November 4, 2015, all operating banks must utilize the assigned code LEASF95 to report and exchange borrower information through this platform. This measure aims to enrich the credit database and mitigate credit and operational risks across the banking sector and lending institutions.
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