2012-05-14

Emphasizing the obligation of banks to obtain data from the Egyptian Credit Inquiry Company I-score

The letter, addressed to the Chairman of the Board of Directors, communicates the requirement for banks and financial institutions to obtain credit information on individuals and small-to-medium enterprises from the Egyptian Credit Bureau, effective July 1, 2008. It emphasizes the importance of accurate data reporting by banks to ensure the reliability of the bureau's reports, which other banks rely on for client evaluation. The Central Bank of Egypt's periodic inspections of banks will include assessing compliance with these data provision standards and the utilization of the bureau's data.

Egypt

Central Bank of Egypt

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