2022-04-26 | CBE1.3

CBE Regulation Book 1.3 - Cancel The License And Cease Operations Partially Or Completely And Delete The Registration

The chapter outlines the conditions under which a bank's license can be revoked and its operations suspended or terminated in Egypt. The Central Bank's approval is required for partial or total suspension of operations, and the bank must provide adequate guarantees or settle its obligations to depositors, creditors, and employees. The license can be revoked if the bank commits serious or repeated violations, endangers the economy or monetary policy, stops operating, or provides false information to obtain the license. The chapter also covers the procedures for partial and total suspension of operations and the consequences of the Central Bank's decision.

Egypt

Central Bank of Egypt

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