Regulatory Alerts2012-01-01
Circular No. 88: Facilities Granted to Public Sector Employees
The Palestine Monetary Authority mandates all banks operating in Palestine to submit aggregated data on public sector employee facilities (Code 30) within one week of the circular's issuance. Banks must categorize and report the outstanding balances in USD for specific facility types, including housing loans, mortgages, credit cards, auto loans, revolving accounts, overdrafts, and Murabaha, using the prescribed analytical table. This reporting requirement aims to enable the regulator to study and verify the current portfolio of public sector lending to ensure accurate monitoring and compliance.
Palestine Monetary Authority
Palestine Monetary Authority
Circular No. (88/2012)
To all banks operating in Palestine
Date: Sunday, June 10, 2012
Subject: Facilities Granted to Public Sector Employees
In order to study and verify data on public sector employee facilities (Code 30), all banks are requested to provide us with the facility data in aggregate within one week from the date of this circular, according to the analytical table below:
| Type of Facility / Purpose of Grant | Outstanding Balance Valued in USD |
|---|---|
| 1. Personal loans for housing purposes | |
| 2. Mortgage loans / Lease-to-own | |
| 3. Credit cards (Limit + Outstanding) | |
| 4. Auto loans | |
| 5. Revolving current account and advances (Limit + Outstanding) | |
| 6. Overdraft | |
| 7. Murabaha (Cost-plus financing) | |
| 8. Other (specify purpose of grant) |
Public Relations and Market Discipline Department
Palestine Monetary Authority
Ramallah - Al Bireh P.O.Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487 E-mail: info@pma.ps
Ramallah - Al Bireh - P.O. Box: 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box: 4026 - Tel.: 08-2825713 - Fax: 08-2844487 www.pma.ps