2018-09-16

A circular dated September 2, 2018 regarding establishing a comprehensive database for financial inclusion

In an effort to promote financial inclusion and integrate more segments of society into the banking system, the Central Bank of Egypt has created a comprehensive database to collect and analyze data related to financial inclusion from the banking sector. This database aims to identify the actual number of beneficiaries of banking services and avoid duplication of individuals as a first step. The project will be implemented in phases, starting with collecting basic data of Egyptian individuals who are clients of the banking sector, including deposits and official documents as per the customer identification and electronic banking services guidelines issued by the Anti-Money Laundering Unit on April 14, 2011.

Egypt

Central Bank of Egypt

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