2016-03-23

A circular dated March 22, 2016 regarding clarifications regarding instructions for small and medium-sized companies, concentration of credit portfolios, and loans for consumer purposes issued on January 11, 2016.

In a letter dated March 22, 2016, the author addresses the Chairman of the Board of Directors of a bank, providing clarifications on previously issued instructions regarding credit concentration limits for banks, the ratio of installment payments to monthly income for consumer loans, and encouraging banks to provide credit facilities to small and medium-sized enterprises. The letter emphasizes the importance of adhering to these instructions and requests the Chairman to take necessary actions in this regard. It also highlights the need for banks to align their lending practices with regulatory requirements, especially when dealing with consumer loans and credit facilities for small and medium-sized businesses.

Egypt

Central Bank of Egypt

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