Palestine Monetary Authority

Palestine Monetary Authority

Circular No. (137/2011)
To all lending institutions operating in Palestine Date: Monday, July 25, 2011

Subject: Classification of Facilities for Disclosure in the Monthly Report

Further to inquiries received from banks and lending institutions regarding discrepancies between the values of housing and mortgage loan facilities in the Credit Information System database and the new real estate sector system, which indicate that most arise from errors in classifying the facility sector, and with reference to Circular No. (2007/160) dated 28/10/2007 and the economic sector item described in paragraph three of the circular, Annex No. (2) specifying economic sector types and their codes from (S1 to S9), please be advised that the intent of this item is to classify the economic sector of the granted facility. This means that the economic sector classification in the monthly facilities file is at the facility level, not at the borrower level, as a borrower may have multiple facilities with varying risk classifications.

Public Relations and Market Activities Department Palestine Monetary Authority

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