Regulatory Alerts2015-01-01
Circular No. 80 Credit Report - Enhanced Version
The Palestine Monetary Authority issued Circular No. 80 to update the credit reporting system by specifying disclosure thresholds for delinquent subscribers of Al-Watania Mobile Company (2,000 NIS for individuals, 15,000 NIS for entities) and Akram Sebtani & Sons Company (all clients using deferred payment checks for installment purchases). The circular clarifies that only court rulings involving banking or specialized lending institutions will be reported, and notes that this new data will be temporarily excluded from the borrower classification system until agreements are finalized with other economic sectors. Additionally, banks are mandated to immediately incorporate existing private sector debt into their Debt Burden Ratio (DBR) calculations to mitigate overindebtedness risks and protect consumers.