Circular No. 246/2022: Licensing of Microfinance Banks and Digital Banks

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Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY

Circular No. (246/2022)
To all specialized lending institutions operating in Palestine Date: Wednesday, October 05, 2022

Subject: Licensing of Microfinance Banks and Digital Banks

Committed to hearing the views of stakeholders and interested parties regarding microfinance banks and digital banks, and aiming to create and develop new financial services that contribute to driving growth in Palestine, we wish to inform you of the adoption of a licensing policy for this type of bank, and the preparation of draft instructions for licensing these banks, which will be published under the "Your Opinion Matters" section on the Authority's website.

Accordingly, we request that you provide your opinions and comments on this matter before the end of the current month, to facilitate the completion of the relevant supervisory framework.

Supervisory Group
Palestine Monetary Authority

Website link: https://bit.ly/pma-opinion

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