Regulatory Alerts2025-02-04
A periodic book on February 3, 2025 on amending the period of submitting the internal evaluation report for capital adequacy
In a letter dated February 3, 2025, the Chairman of the Board of Directors of a bank in Cairo, Egypt, communicates a decision by the Central Bank's Board of Directors to amend the instructions regarding the internal assessment of capital adequacy. The amendment extends the deadline for banks to submit their internal capital adequacy assessment reports to the Central Bank's Supervision and Control Sector, allowing 90 days from the date of the general assembly meeting. The report must be adopted and reviewed annually by the bank's Board of Directors, and any significant changes during the year must be communicated to the Central Bank.