Regulatory Alerts2015-12-22
Added · Updated
Instructions No. 58 of 2015 Regarding the Amendment of Instructions on Determinants and Controls for Granting Credit
The Palestine Monetary Authority issued Instructions No. 58 of 2015 to amend the credit granting controls under its 2015/02 framework. The directive specifically revises Article 5 to mandate that vehicle financing must align with each bank's internal credit policy, requiring the establishment of approved financing mechanisms, risk-inclusive loan-to-value ratios, and product-specific risk assessments. All other consumer credit provisions remain unchanged and become effective immediately upon issuance.
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