Regulatory Alerts2008-01-01
Circular No. 111: Number of Granted Facilities Files
The Palestine Monetary Authority issued Circular No. 111 to mandate all operating banks in Palestine to report quarterly data on active customer facilities to the Credit Information Office. The directive requires banks to submit counts of direct and indirect facilities, including non-performing loans and issued credit cards, within five working days of each reporting period beginning December 1, 2008. Compliance must follow the specified tabular format to ensure accurate credit market monitoring.
Palestine Monetary Authority
Palestine Monetary Authority
Circular No. 111 (2008/111)
To all banks operating in Palestine
Date: Sunday, September 07, 2008
Subject: Number of Granted Facilities Files
For the purposes of utilizing the Credit Information Office, we request all banks to provide us with the number of active granted facilities files for customers (direct and indirect), including non-performing facilities, on a quarterly basis starting from December 1, 2008. The number of issued credit cards shall be considered part of the indirect facilities count.
Please ensure to submit the response to this circular to the Palestine Monetary Authority within the first five working days from the beginning of the reporting period, according to the following table:
| Number of Direct Facilities Files | Number of Indirect Facilities Files | Total | Number of Issued Credit Cards |
|---|---|---|---|
Banking Supervision Department
Palestine Monetary Authority
Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2415250 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487
E-mail: info@pma.ps
www.pma.ps
Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2415250 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487