Royal begins implementing the unified credit inquiry system
To pursue with the memorandum of understanding between Royal Company and the Monetary Authority and within the company’s vision of sustainability and development for the new year 2022 (a year to success), the Financial Manager of Royal Company, Mr. Magdi Zghair, visited the headquarters of the Monetary Authority in Ramallah governorate with a number of the company’s accountants, where they were received by Mr. Saleem Hamadneh, Head of Market Operations Systems Department. The purpose of this visit was to attend a meeting to prepare for the start-up of the unified credit inquiry system, which includes a database that provides some relevant credit and demographic information about borrowers and their guarantors, individuals or institutions, and classifies them on the returned checks system.
Mr. Majdi praised the cooperation between the Monetary Authority and Royal Company, referring to the efforts of the Monetary Authority and its strategic plans within the framework of creating the infrastructure for the technological banking and financial services system in Palestine. And He stressed that this system will be implemented at the beginning of 2022.