Palestine Monetary Authority

( 1 ) Circular No.

To all banks operating in Palestine

Date: Tuesday, January 03, 2012

Subject: Disclosure of Housing and Mortgage Loans

With reference to our Circular No. (2011/66) dated 25/4/2011 concerning the demographic file structure for housing and mortgage loans, and based on the results of the analysis of data specific to the housing and mortgage sector, inaccuracies have been identified in the disclosure of the type of interest rate applied to loans granted to this sector.

Accordingly, all banks are requested to exercise utmost accuracy in their disclosure files by disclosing the type of interest rate applied to the facility according to the credit contract signed with the borrower. Otherwise, fines will be imposed in accordance with the law.

Public Relations and Market Discipline Department

Signature: Palestine Monetary Authority

Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487 E-mail: info@pma.ps Ramallah - Al Bireh - P.O. Box: 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box: 4026 - Tel.: 08-2825713 - Fax: 08-2844487 www.pma.ps