2021-12-12

A circular dated December 9, 2021 regarding the continued extension of the period of exempting banks from the application of Clause Two contained in the instructions for concentration ratios in the credit portfolios of the 50 largest clients and related parties issued on January 11, 2016.

On December 9, 2021, the Central Bank of Egypt decided to extend the exemption of banks from applying the second item of the January 6, 2016, decision regarding credit concentration limits for the top 50 clients and related parties until the end of December 2022. The decision was made to support the banking sector in assisting the Egyptian economy and dealing with the repercussions of the COVID-19 pandemic.

Egypt

Central Bank of Egypt

Show thumbnail