May 2010


Main reports: Private sector credit from the banking sector was $1.56bn at the end of January 2010, up from $1.18bn at the end of December 2008. The loan to deposit ratio was 36%, up from 31% at the end of January 2009.

28 out of 36 companies reported profits in Q1 2010. The largest profits were recorded by PALTEL ($23.2m).

According to Paltrade there has been a 52% increase in the number of trucks leaving the West Bank with exports compared to last year. PCBS forecast that the value of exports will increase 3.4% this year.

Support for the PA budget has recently been provided by the UK ($25m), the EU (€21m), India ($10m), Qatar ($10m) and Algeria ($26m).