/ Monday, September 19, 2016 / Categories: PMA, Memorandum 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. Previous Article PMA Supervises Implementation of Optional Merger Agreement between Bank of Palestine and Palestine Commercial Bank Next Article The Monthly PMA Business Cycle Index (PMABCI) – September 2016 Print 9077