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A Declaration by the Assembly of the Bank of Palestine

2007-09-04

A Declaration  by the Assembly of the Bank of Palestine

Understanding the bank operations in Palestine as for the exceptional circumstances undergone by the country during the last period, especially in the public sector and after coordinating with the Palestinian Monetary Authority, Ministry of Finance and the public sectors employee association, the banks assembly would like to emphasize to the public the following:

1.       The willingness to determine the percentage discount from the batch this month until further notice and not exceed a maximum of 35% only if the bank and the customer agree otherwise.

2.       The willingness for banks to provide any information requested by the borrower on the loan granted to him in terms of the loan, interest and premium payment and installments due with the balance of the loan.

3.       The banks willingness to facilitate the rescheduling of loans to staff wishing to do so according to the agreement between the bank and the employee.

4.       In the event of any inquiries from any borrower, the banks branch department are fully ready to receive and answer queries between the employee and the bank.

The Assembly of the Bank of Palestine hopes all staff borrowers cooperate with the bank as of financial institutions and national services important to the Palestinian economy and society.