Regulatory Alerts2013-01-01
Lending-2013- Circular No. 148 Clarifications on Reporting Facilities Granted to Small and Medium Enterprises
The Palestine Monetary Authority issued Circular No. 148 to provide clarifications and structural modifications for reporting facilities granted to small and medium enterprises, following Circular No. 114. The directive mandates that non-interest-bearing facilities like guarantees and credits report a zero interest rate and 'N/A' for interest type, while removing mandatory field requirements for non-performing loans to accommodate limited borrower data. Additionally, the demographic file structure is updated with a new legal procedure field, and appendices are revised to include new registration locations and legal procedure classifications, requiring all lending institutions to align their data collection with these changes.
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