2016-04-17

Circular dated April 17, 2016 regarding the precautionary pillar

The letter, dated April 17, 2016, is addressed to the Chairman of the Board of Directors of a bank in Cairo, Egypt. It announces the Central Bank of Egypt's decision to implement Capital Buffer Conservation ratios starting in 2016 to enhance capital requirements and protect Egyptian banks from potential losses during stressful periods. The letter outlines the required capital ratios for different dates, with the overall goal of reaching a total capital adequacy ratio of 10% by January/July 2019.

Egypt

Central Bank of Egypt

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