«March 2017»

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

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

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