Regulatory Alerts2016-01-01
Circular No. 47 Press Statement
The Palestine Monetary Authority issued Circular No. 47/2016 to require all operating banks to distribute an official press statement to every branch, employee, and correspondent bank. The attached statement definitively rejects false rumors published on unverified websites concerning a Palestinian bank, while underscoring the sector's financial strength, including 12.3 billion USD in net assets and a 2.1% non-performing loan ratio. It reiterates the Authority's exclusive legal mandate to publicly address banking sector matters and confirms its continuous alignment with international supervisory standards to safeguard Palestine's financial stability.
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