2022-04-28 | CBE4.1.4

CBE Regulation Book 4.1.4 - Loans for Consumer Purposes and Financing Companies Services Sales by Installments

The Central Bank of Egypt mandates that banks ensure the total monthly installment payments for consumer loans, credit cards, personal loans, car loans, and personal housing loans do not exceed 50% of an individual's net monthly income, or 40% for personal housing loans under Law No. 148 of 2001. This regulation aims to manage the growing portfolio of consumer loans and align with international practices. Additionally, when dealing with installment sales financing companies, banks must obtain certified reports from the company's auditor regarding their adherence to installment-to-income ratios and credit reporting practices.

Egypt

Central Bank of Egypt

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