Circular No. 218 of 2023 Regarding the Continuity of Operations of Specialized Lending Institutions

Palestine Monetary Authority

Circular No. (218/2023)
To all specialized lending institutions operating in Palestine Date: Tuesday, October 10, 2023

Subject: Continuity of Operations of Specialized Lending Institutions

In light of the current circumstances, and to safeguard the stability and continuity of operations of the specialized lending sector and its employees, all specialized lending institutions are required to activate their business continuity and crisis management plans in accordance with the requirements of Circular No. (2018/04) on Business Continuity. This includes the optimal utilization of human resources, limiting their travel between governorates, and activating communication and remote work procedures for employees. Furthermore, administrations of specialized lending institutions are granted the authority to make decisions regarding the closure of any branch based on prevailing field conditions.

Supervision Group
Palestine Monetary Authority

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Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps

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