A periodic book on June 15, 2025 regarding banks' approval of exporters according to the mechanism of carbon border modification

السيد الأستاذ / رئيس مجلس الإدارة To the esteemed Professor/Chairman of the Board, Translation: To the esteemed Professor/Chairman of the Board, بنك Bank Translation: Bank القاهرة في: ١٥ يونيو ٢٠٢٥ Cairo, June 15, 2025 Translation: Cairo, June 15, 2025 تحية طيبة وبعد،، Greetings, Translation: Greetings, بالإشارة إلى قرار مجلس إدارة البنك المركزي بجلسته المنعقدة في ٢٦ أكتوبر ۲۰۲۲ بالتعليمات الرقابية في شأن Referring to the decision of the Central Bank's Board of Directors in its meeting held on October 26, 2022, regarding supervisory instructions on Translation: Referring to the decision of the Central Bank's Board of Directors in its meeting held on October 26, 2022, regarding supervisory instructions on التمويل المستدام، وفي إطار التوجه العالمي نحو مكافحة تغير المناخ والجهود الدولية في هذا الخصوص، والذي تضمن إدخال sustainable financing, and within the framework of the global trend towards combating climate change and international efforts in this regard, which included introducing Translation: sustainable financing, and within the framework of the global trend towards combating climate change and international efforts in this regard, which included introducing آليات تسعير الكربون في العديد من الدول كوسيلة لتقليل الانبعاثات الكربونية، أود الإحاطة بأن كل من الاتحاد الأوروبي carbon pricing mechanisms in many countries as a means to reduce carbon emissions, I would like to inform you that both the European Union Translation: carbon pricing mechanisms in many countries as a means to reduce carbon emissions, I would like to inform you that both the European Union ، )Carbon Border Adjustment Mechanism- CBAM( والمملكة المتحدة قد اعتمدا آلية لتعديل حدود الكربون and the United Kingdom have adopted a "Carbon Border Adjustment Mechanism (CBAM)". Translation: and the United Kingdom have adopted a "Carbon Border Adjustment Mechanism (CBAM)". التي تفرض ضريبة إضافية على المنتجات المصدرة للاتحاد الأوروبي والمملكة المتحدة في حال عدم الالتزام بسياسات which imposes an additional tax on products exported to the European Union and the United Kingdom in case of non-compliance with Translation: which imposes an additional tax on products exported to the European Union and the United Kingdom in case of non-compliance with الحدود الكربونية، مما يتسبب في زيادة أسعار المنتجات المصدرة ويؤثر على القطاعات التصديرية والشركات العاملة بها بشكل carbon border policies, which causes an increase in the prices of exported products and affects the exporting sectors and the companies operating in them Translation: carbon border policies, which causes an increase in the prices of exported products and affects the exporting sectors and the companies operating in them مباشر وكذلك سلاسل الامدادات لتلك القطاعات بشكل غير مباشر. directly, as well as the supply chains for those sectors indirectly. Translation: directly, as well as the supply chains for those sectors indirectly. وتجدر الإشارة إلى أن آلية CBAM الصادرة عن الاتحاد الأوروبي تتضمن حاليًا قطاعات الحديد والصلب والألمنيوم والأسمنت It is worth noting that the CBAM mechanism issued by the European Union currently includes the sectors of iron and steel, aluminum, cement, Translation: It is worth noting that the CBAM mechanism issued by the European Union currently includes the sectors of iron and steel, aluminum, cement, والأسمدة والكهرباء والهيدروجين الأخضر وتم تحديد تاريخ التطبيق ليبدأ من يناير ۲۰۲٦ ، ومن جهة أخرى تتضمن الآلية fertilizers, electricity, and green hydrogen, and the implementation date has been set to begin in January 2026. On the other hand, the mechanism includes Translation: fertilizers, electricity, and green hydrogen, and the implementation date has been set to begin in January 2026. On the other hand, the mechanism includes بالمملكة المتحدة قطاعات الحديد والصلب والألمنيوم والأسمنت والأسمدة والهيدروجين الأخضر ويبدأ تطبيقها من يناير in the United Kingdom the sectors of iron and steel, aluminum, cement, fertilizers, and green hydrogen, and its implementation begins in January Translation: in the United Kingdom the sectors of iron and steel, aluminum, cement, fertilizers, and green hydrogen, and its implementation begins in January .۲۰۲۷ 2027. Translation: 2027. ونظرًا لتأثير آلية CBAM على أرباح الشركات المصدرة بالقطاعات المذكورة بعاليه وتكاليف التوافق مع معايير تلك الآلية وتأثير Given the impact of the CBAM mechanism on the profits of exporting companies in the aforementioned sectors and the costs of complying with the standards of that mechanism, and the impact of Translation: Given the impact of the CBAM mechanism on the profits of exporting companies in the aforementioned sectors and the costs of complying with the standards of that mechanism, and the impact of ذلك على المخاطر المحتملة بالبنوك، فإنه يتعين على كافة البنوك الالتزام بفحص محافظها الائتمانية لتحديد الشركات that on the potential risks to banks, all banks must adhere to examining their credit portfolios to identify companies Translation: that on the potential risks to banks, all banks must adhere to examining their credit portfolios to identify companies المصدرة بتلك القطاعات وأيضًا جمع البيانات المتعلقة بأنشطتها التصديرية، مما يساهم في تحسين عملية إدارة المخاطر exporting in those sectors and also collect data related to their export activities, which contributes to improving the risk management process Translation: exporting in those sectors and also collect data related to their export activities, which contributes to improving the risk management process المرتبطة بتطبيق الآلية بشكل أكثر فاعلية واتخاذ قرارات أكثر دقة والتوافق مع معايير الاستدامة. related to the application of the mechanism more effectively, making more accurate decisions, and aligning with sustainability standards. Translation: related to the application of the mechanism more effectively, making more accurate decisions, and aligning with sustainability standards. وفي ضوء ما سبق، وفي إطار جهود البنك المركزي المصري لتعزيز التمويل المستدام والتأكد من مواءمة القطاع المصرفي In light of the foregoing, and within the framework of the Central Bank of Egypt's efforts to promote sustainable financing and ensure the alignment of the Egyptian banking sector Translation: In light of the foregoing, and within the framework of the Central Bank of Egypt's efforts to promote sustainable financing and ensure the alignment of the Egyptian banking sector المصري مع المستجدات الدولية، يتعين على البنوك استيفاء بيانات النموذج المرفق بشكل نصف سنوي ( يونيو وديسمبر من with international developments, banks must complete the data in the attached form on a semi-annual basis (June and December of Translation: with international developments, banks must complete the data in the attached form on a semi-annual basis (June and December of كل عام وذلك بدءً من النصف الثاني من عام ۲۰۲٦ ، على أن يتم موافاة إدارة الاستدامة بالبنك المركزي بها على البريد each year), starting from the second half of 2026, provided that the Sustainability Department of the Central Bank is provided with it via e-mail Translation: each year), starting from the second half of 2026, provided that the Sustainability Department of the Central Bank is provided with it via e-mail الإلكتروني: