RegAlertRule · PMA · 17 Feb 2021
Circular No. 33 of 2021 Regarding the Amendment of the Provisions Schedule
The Palestine Monetary Authority issued Circular No. 33 of 2021 to require all specialized lending institutions in Palestine to complete and periodically submit an updated provisions schedule. This mandate implements Instructions No. (2020/37) on quarterly reporting and Instructions No. (2018/01) concerning scheduled, court-referred, restructured, and non-performing loans to enhance sector stability and disclosure transparency. Institutions must commence submissions at the end of the first quarter of 2021, using the revised template distributed by the Authority's Supervision Group.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (33/2021)
To all specialized lending institutions operating in Palestine Date: Wednesday, February 17, 2021
Subject: Amendment of the Provisions Schedule
With reference to the above subject, and in the context of the Palestine Monetary Authority's efforts to safeguard the specialized lending sector in Palestine and enhance transparency and disclosure principles, and based on the requirements of Instructions No. (2020/37) regarding quarterly reports and the requirements of Instructions No. (2018/01) regarding scheduled, court-referred, restructured (in structure or financing), and non-performing loans/financing, all specialized lending institutions are required to complete the updated provisions schedule (following the inclusion of disclosures related to court-referred loans and financing).
Reaffirming compliance with the applicable instructions in this regard, and submitting the aforementioned schedule periodically starting from the end of the first quarter of 2021, the amended schedule will be provided to you via the following email address:
.scdivision@pma.ps
Supervision Group
Palestine Monetary Authority
Note: www.pma.ps
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 Gaza - Palestine P.O. Box 4026 Gaza - Palestine P.O. Box 4026 Fax: +970 8 2844487 | Tel: +970 8 2825713
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