2025-05-11

A periodic book on April 29, 2025 regarding allowing banks to be held accountable for investments in subsidiary and sister companies, either by cost or using the property rights method

The Central Bank of Egypt has issued new guidelines for banks regarding the preparation of financial statements. Banks can now choose between the cost method and the equity method for accounting for investments in subsidiaries and affiliates. This change aims to align Egyptian accounting standards with international practices and improve the comparability of financial statements. Banks that opt for the equity method must disclose the original cost of the investments in the financial statements for comparative analysis.

Egypt

Central Bank of Egypt

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