Regulatory Alerts2021-01-01
Circular No. 33 of 2021 Regarding the Amendment of the Provisions Schedule
The Palestine Monetary Authority issued Circular No. 33 of 2021 to require all specialized lending institutions in Palestine to complete and periodically submit an updated provisions schedule. This mandate implements Instructions No. (2020/37) on quarterly reporting and Instructions No. (2018/01) concerning scheduled, court-referred, restructured, and non-performing loans to enhance sector stability and disclosure transparency. Institutions must commence submissions at the end of the first quarter of 2021, using the revised template distributed by the Authority's Supervision Group.
Share