Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (39/2015)

To all banks operating in Palestine

Date: Wednesday, February 25, 2015

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Subject: Bank of Union – Ramallah

Based on the decision of the Board of Directors of the Palestine Monetary Authority dated December 29, 2014, regarding the final approval of the merger request by the National Bank and Bank of Union, we inform you that all rights and obligations of the customers of the Bank of Union – Ramallah branch have been transferred to the National Bank.

Accordingly, effective March 1, 2015, all checks drawn and returned on the accounts of the customers of the Bank of Union – Ramallah branch will be processed under the National Bank's accounts.

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Supervision and Inspection Department
Palestine Monetary Authority

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