Regulatory Alerts2021-01-01
Circular No. 33/2021 Amendment of the Provision Schedule
The Palestine Monetary Authority issued Circular No. 33/2021 to require all specialized lending institutions operating in Palestine to complete and periodically submit an updated provision schedule that includes disclosures for court-referred loans and financing. This mandate reinforces compliance with Circulars 2020/37 and 2018/01 regarding quarterly reporting and the classification of scheduled, court-referred, restructured, and written-off exposures to enhance sector transparency and safety. Institutions must begin submitting the revised schedule starting at the end of the first quarter of 2021, with the updated template provided via email.
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