Regulatory Alerts2025-03-26
A periodic book on March 26, 2025 on updating the rules organizing the credit registration system at the Egyptian Central Bank
The Central Bank of Egypt has issued new instructions regarding the regulation of the credit registry system. These instructions aim to update the rules for collecting customer data who have received financing or credit facilities. The goal is to make this information available to banks and credit granting entities for review before providing financing or credit facilities. Banks and credit granting entities are given a grace period of 12 months to reconcile their status from the date of issuance, and the Central Bank will monitor the implementation on a quarterly basis.