2022-04-28 | CBE4.1.4

CBE Regulation Book 4.1.4 - Loans For Consumer Purposes And Financing Companies Services Sales By Instalments

The Central Bank of Egypt has issued directives to banks regarding consumer loans and financing for installment sales companies. The directives include a cap on the ratio of monthly loan installments to a borrower's monthly income at 50%, including mortgage loans. Banks are also required to match the maturities of their assets and liabilities when granting consumer loans. Additionally, the Central Bank has set guidelines for financing installment sales companies, including limiting funding to domestic operations and requiring audited reports from these companies on their policies for monitoring loan installments relative to borrowers' monthly income.

Egypt

Central Bank of Egypt

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