«March 2017»
SunMonTueWedThuFriSat
26
1057

The Monthly PMA Business Cycle Index (PMABCI) – February 2017

The PMA has released the results of its Business Cycle Index (PMABCI) for February 2017.
Read more
27281234
567891011
12131415161718
192021
1074

The Monthly PMA Business Cycle Index (PMABCI) – March 2017

The PMA has released the results of its Business Cycle Index (PMABCI) for March 2017. The results revealed that Palestine's overall index was relatively stable, compared to the previous month. The index trended differently in the two regions: worsening in the West Bank and improving in Gaza Strip.
Read more
22232425
2627282930311
2345678

PMA Supervises Implementation of Optional Merger Agreement between Bank of Palestine and Palestine Commercial Bank

The Governor of the PMA, H.E. Azzam Shawwa, announced that the PMA has approved and overseen the transfer of all owners’ rights and obligations of the Palestine Commercial Bank (PCB) to the Bank of Palestine (BOP), following the merger agreement between the two parties. The merger was effectuated through the acquisition and transfer of the bank portfolio and all assets and liabilities of PCB by BOP. In that respect, the PMA has reassured depositors and customers that their deposits and rights are protected. Consequently, PCB branches become BOP branches as of Sunday morning, September 18, 2016. 
This merger comes in line with PMA policy to enhance capital adequacy and robustness of the Palestinian banking system and foster its abilities to withstand shocks and risks surrounding the banking business environment. The aim of this policy is to protect customer funds and the rights of bank customers in general in a manner that contributes to achieving financial stability. 
 

Categories: PMA, Announcements

Tags: