2016-04-20

A circular dated March 7, 2016 amending the rules and regulations of bank financing for the acquisition of companies

In a letter dated March 7, 2016, the writer informs the addressee about an amendment to the Egyptian Central Bank's decision regarding the regulations and rules of bank financing for company acquisitions. The letter references a previous circular from January 25, 2009, and emphasizes the Egyptian Central Bank's supervisory role in curbing high-risk practices that may impact the efficiency and performance of banks. The writer encloses the amended decision and requests the addressee to take the necessary actions.

Egypt

Central Bank of Egypt

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