Regulatory Alerts2024-01-01
Instructions No. (2) of 2024 Amending Instructions No. (1) of 2024 Regarding the Credit Portfolio of Specialized Lending Institutions
The Palestine Monetary Authority issued Instructions No. (2) of 2024 to amend the credit portfolio regulations for specialized lending institutions. The amendments extend the deadline for deferring or waiving periodic installments for borrowers in Gaza until December 31, 2024, and mandate financial solvency assessments for similar requests in the West Bank by the same date. Additionally, the regulator requires quarterly detailed reports on loan portfolio management measures and updated risk classifications starting from the third quarter of 2024.
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