Region

Jurisdiction

Regulator

2014-01-01

Circular No. 50 Development of the Credit Information System

The Palestine Monetary Authority issued Circular No. 50/2014 mandating all Palestinian banks to implement specific updates to their credit information systems under Version III. The directive requires the addition of monthly income and currency fields for borrowers, alongside enhanced personal and enterprise data points for small and medium-sized enterprises, including geographic classification, owner identification, and total assets. Banks must adopt these changes for new facilities immediately and submit designated Excel files containing legacy data for existing facilities to facilitate system migration, with field inspections scheduled to verify compliance.

Palestine

Palestine Monetary Authority

Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (50/2014)
To all banks operating in Palestine
Date: Monday, April 14, 2014

Subject: Development of the Credit Information System (Version III)

Further to our Circular No. (2014/11) dated January 20, 2014, concerning the development of credit operations systems, and to Item One regarding the description of the most important system development items, and with the aim of providing accurate data to the Palestine Monetary Authority on credit extended by the banking sector to assist it in monitoring and managing credit risks, and to assist the banking sector and lending institutions in making credit decisions, we hereby inform you that the following development items required from banks have been added:

Add the total monthly income and income currency fields to the personal data of borrowers according to Forms No. (3) and No. (4) attached to the Circular.
Modify the personal data related to facilities granted to small and medium-sized enterprises (SMEs) by adding the following fields according to Form No. (5) attached to the Circular:
- The enterprise geographic classification field (City 01, Town 02, Village 03) based on Annex No. (15) attached to the Circular.
- Add the owner's ID/Passport number and nationality in cases where facilities are granted under the enterprise registration number.
- Add the total assets of the enterprise field valued in the currency of disbursement.

All banks are requested to adopt the above modifications, which will be implemented on the developed system (Version III) through the credit record opening operations for new facilities. As for existing facilities, coordination will be made with you to provide us with the following:

An Excel file containing the ID number, document number, nationality, facility number, and additional data related to borrowers' personal data to be migrated to the personal files.
Another Excel file specific to SMEs containing the ID number, document number, nationality, facility file number, and additional data related to personal data (enterprise geographic classification, owner's ID number, total assets of the enterprise) to be migrated by us to the personal files of facilities granted to SMEs.

Accordingly, we hope to complete the implementation of all required developments according to the action plan established for the development process. Please note that the follow-up team for the above matter will commence its field visits to banks in the coming days.

Thanking and appreciating your cooperation,

Public Relations Department - Market Officers
Palestine Monetary Authority

Annex No. (15)

Enterprise Geographic Classification

| 01 | City | .1 | | 02 | Town | .2 | | 03 | Village | .3 |

Description of Resident Borrowers File

Form No. (3)

Field Name	Note	Seq
ID Number	ID Number (Resident Borrower)	.1
Customer's Name	Full four-part name as stated on the ID card	.2
Gender	Gender 1 Male 2 Female	.3
Marital Status	Marital Status 1 Single 2 Married 3 Divorced 4 Widowed	.4
Date of Birth	Date of birth in English numerals in the format (dd/mm/yyyy)	.5
Place of Birth	Place of birth	.6
Spouse's Name	Spouse's name	.7
Mother's Name	Mother's name	.8
Current Address	Current address	.9
Previous Address	Previous address	.10
Phone Number/ cellular	Home/cellular phone number	.11
Profession	Borrower's profession	.12
Spouse's Profession	Spouse's profession	.13
Borrower Type	Borrower type	.14
Borrower's Income	Borrower's monthly income	.15
Income currency	Income currency	.16

Description of Non-Resident Borrowers File

Form No. (4)

Field Name	Note	Seq
Passport Number	Passport number	.1
Nationality	Nationality according to the international code of the country holding its nationality	.2
Customer's Name	Full name as stated on the passport in Arabic letters	.3
Date of Birth	Date of birth in English numerals in the format (dd/mm/yyyy)	.4
Place of Birth	Place of birth	.5
Data of Issue	Passport issue date in English numerals in the format (dd/mm/yyyy)	.6
Place of Issue	Passport issue place	.7
Gender	Gender 1 Male 2 Female	.8
Marital Status	Marital Status 1 Single 2 Married 3 Divorced 4 Widowed	.9
Spouse's Name	Spouse's name	.10
Mother's Name	Mother's name	.11
Current Address	Current address	.12
Previous Address	Previous address	.13
Phone Number/cellular	Home/cellular phone number	.14
Profession	Borrower's profession	.15
Spouse's Profession	Spouse's profession	.16
Borrower Type	Borrower type	.17
Social Security No	Social security number/National ID	.18
Borrower's Income	Borrower's monthly income	19
Income currency	Income currency	20

Description of SMEs File

Form No. (5)

Field Name	Description	Seq.
ID Number	ID/Passport/Company Registration/Entity Number	1.
ID Type	Document type specifying the document held by the borrower according to classifications in Annex No. (01)	2.
Nationality	Borrower's nationality according to the travel document held, per classifications in Annex No. (02)	3.
Facility File Number	Facility file number	4.
Bank code	Bank code for the lending bank per classifications in Annex No. (03)	5.
Owner's gender	Enterprise owner's gender per classifications in Annex No. (04)	6.
Financing Period	Financing period	7.
Percentage of Guarantee Coverage	Loan guarantee percentage from guarantee institutions	8.
Interest Rate Percentage	Interest rate	9.
Interest Type	Interest type per classifications in Annex No. (05)	10.
Monthly Net Income	Average monthly income in income currency	11.
Income currency	Income currency per classifications in Annex No. (06)	12.
Insurance on the Assets of Enterprise	Enterprise asset insurance per classifications in Annex No. (07)	13.
Number of Full Time Employees	Number of full-time employees	14.
Number of Part Time Employees	Number of part-time employees	15.
Capital of The Enterprises	Enterprise capital value	16.
Capital currency	Capital currency	17.