Regulatory Alerts2019-01-01
Circular No. 178/2019: Launch of the Enterprise/Company Inquiry System for Entities Registered with the Ministry of National Economy
The Palestine Monetary Authority issued Circular No. 178/2019 to launch the Enterprise/Company Inquiry System, which integrates registered small and medium-sized enterprise (SME) demographic data from the Ministry of National Economy into the Credit Information Office database. The circular mandates lending institutions and financial leasing companies to grant specific system access rights to designated staff and distribute the accompanying user guidelines. This initiative aims to streamline credit decision-making processes and ensure periodic updates of enterprise data for financial institutions.
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