2019-10-15

A circular dated October 13, 2019 regarding amending customers’ bank investments accounts

The letter, addressed to the Chairman of the Board of Directors of a bank, refers to previous circulars and instructions regarding maximum limits for client exposure and related parties. The Central Bank of Egypt has decided to update certain concepts related to these instructions, including applying all applicable instructions on aggregate exposure limits for the bank and its financial subsidiaries (excluding insurance companies), expanding the definition of exposure to include total value of capital commitments, and providing a 6-month period for banks to align with the new regulations.

Egypt

Central Bank of Egypt

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