Regulatory Alerts2020-01-01
Instructions No. 25 of 2020 Amending Instructions No. 22 of 2020 on the Small and Medium Enterprises Financing Program
The Palestine Monetary Authority issued Instructions No. 25 of 2020 to amend the Small and Medium Enterprises Financing Program established under Instructions No. 22 of 2020. The amendments extend the program's duration to three years, set a maximum repayment deadline of December 2023, and revise application procedures, credit assessment requirements, and risk mitigation protocols for licensed banks. Additionally, the instructions adjust interest and profit margins to 0.5% or 1% depending on risk-bearing arrangements, remove mandatory cash collateral deductions, make employee count criteria advisory, and cap on-lending rates at 9% reducing.
Share