Circular No. 5: Bank Network Connection with the Palestine Monetary Authority

Palestine Monetary Authority

Circular No. (5 / 2025)

To all banks operating in Palestine
Date: Thursday, January 16, 2025

Subject: Bank Network Connection with the Palestine Monetary Authority

To safeguard the soundness and stability of the banking sector, ensure business continuity, and based on approved standards, best practices, and our instructions regarding bank business continuity management (Circular No. 2022/5), and with the aim of maintaining continuous service and system delivery through bank network connection lines while mitigating disruption risks, we inform you as follows:

1. A secondary backup line (Backup Line) for the main bank network from a different provider (Mada Al-Arab) will be added, in accordance with best practices.
2. The speed of the current main bank network line from the Palestine Telecommunications Company (Paltel) will be increased.

Accordingly, we request that you provide us with the contact details of your designated network and communications officer via email at mharb@pma.ps.

For any inquiries, you may contact the Technology Systems Department at the Palestine Monetary Authority:

• Majdi Harb 0595364600
• Tariq Hamad 0598562424

Supervision Group
Palestine Monetary Authority

--- www.pma.ps
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal code: 6160675 | Tel: 970+ 2 2415251 | Fax: 970+ 2 2415310 | info@pma.ps

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