The Banks Association in Palestine Issues Issue (102) of the Magazine 'Banks in Palestine'

SadaNews - The Banks Association in Palestine has issued issue number (102) of the magazine "Banks in Palestine," which includes a set of specialized files and analyses highlighting the role of the banking sector in supporting the Palestinian community and economy, alongside a review of the accelerating digital transformations and the challenges and opportunities they impose on the financial sector.

The issue reflects the magazine's continued commitment to providing professional and analytical content that keeps pace with current economic and banking issues, by combining data, studies, and expert opinions, contributing to deepening discussions on issues related to development and financial stability.

Corporate Social Responsibility... Over $23 Million in Three Years

The issue addresses the reality of corporate social responsibility in the Palestinian banking sector, based on recent data indicating that banks operating in Palestine contributed approximately $23.4 million in corporate social responsibility areas during the period (2023-2025), with an annual spending rate of about $7.8 million.

The file highlights the concentration of support in sectors such as relief, humanitarian assistance, health, environment, education, and youth creativity, along with showcasing the opinions of several experts and economists who affirmed that the banking sector continues to play a role that goes beyond financial intermediation to include contributing to enhancing social and economic resilience, especially in light of the exceptional circumstances faced by the Palestinian community.

Digital Financial Services and Financial Stability

In the digital transformation segment, the issue includes a specialized study by Dr. Mohamed Kamal Abu Amsha on the role of digital financial services in enhancing the financial stability of Palestinian banks.

The study points out that digital transformation tools, including electronic payment services, bank cards, point-of-sale systems, and various digital channels, have contributed to enhancing profitability, liquidity, and market share for banks, while also emphasizing the importance of developing risk management systems and cybersecurity to ensure the sustainability of the benefits achieved from digital transformation.

Women in the Banking Sector... An Empowerment Experience Worth Generalizing

The issue also includes an analytical article by economic researcher Ikhlas Tamleh on the dynamics of women's participation in the Palestinian banking sector and the prospects for its development.

The article reviews the banking sector as one of the most capable sectors of accommodating and empowering female talents professionally, amid the ongoing challenges faced by women in the Palestinian labor market, highlighting the new opportunities provided by financial technology and digital transformation for women, and what these could represent in promising pathways to enhance economic participation.

Interview of the Issue: The Arab American University

The issue allocates space in the "Interview of the Issue" section to Dr. Raed Saad, Dean of the Faculty of Business at the Arab American University, who reviews the college's vision in preparing students and qualifying them for the labor market through the development of academic curricula, enhancing applied education, and integrating modern technology into the educational process.

The interview discusses the reality of higher education in Palestine and the challenges it faces, especially regarding aligning educational outputs with the labor market requirements, and the importance of modern digital and technical skills in building capable cadres to keep pace with economic and technological transformations.

Dr. Saad emphasizes during the interview the importance of the partnership between higher education institutions and the banking sector in supporting economic development and enhancing innovation and financial inclusion.

This issue comes as part of the magazine's commitment to provide specialized knowledge content that highlights priority economic, banking, and developmental issues, and enhances professional dialogue about the future of the Palestinian financial sector and its role in supporting development and stability.

It is worth noting that the Banks Association in Palestine was established in 1998 under the Law of Charitable and Community Associations No. (1) of 2000 and based on Article (71) of the Banking Law No. (9) of 2010. It is a non-profit organization representing the Palestinian banking sector and works to safeguard its interests.

The Palestinian banking sector comprises 13 banks, including 7 local banks and 6 foreign banks, and continues to perform its role in supporting economic activity, enhancing financial inclusion, and developing banking services.
The issue was published electronically and is available for review via the official website of the Banks Association in Palestine.

Magazine link: 
  bit.ly/4uWS0kP