«February 2017»
SunMonTueWedThuFriSat
2930311234
567891011
12
1052

PMA Launches Package of New Developed Credit Systems

February 12 2017, Ramallah – Within the frame of bank risk mitigation and banking business automation and on order to develop Palestine’s banking industry, the PMA launched today Version II of the Bounced Checks System
Read more
131415161718
19202122232425
2627281234
567891011

PMA Signs Cooperation Agreement with Palestine Deposit Insurance Corporation

At PMA headquarters today, H.E. Governor Azzam Shawwa signed a cooperation agreement with the Palestine Deposit Insurance Corporation (PDIC), which was represented by PDIC Director General, Mr. Zaher Al Hmouz. This agreement aims to enable the corporation to invest in government bonds, through the PMA. The agreement is a culmination of the ceaseless cooperation between the PMA and the PDIC, intended to promote and support banking stability in Palestine. The agreement states that the PMA will offer PDIC financial services, in its capacity as financial agent for financial institutions operating in Palestine. This enables the PDIC to invest in bonds through the PMA, in accordance with the corporation’s investment plan which aims at investing in low-risk government bonds. This investment is undertaken to reinforce reserves allocated to insure customer deposits held with licensed banks operating in Palestine.
 

Categories: PMA, Memorandum

Tags: