2020-03-15

A circular dated March 15, 2020 regarding the precautionary measures that must be taken to confront the effects of the Coronavirus

In response to the COVID-19 pandemic, the Central Bank of Egypt has instructed banks to implement precautionary measures to ensure business continuity and meet the banking needs of their clients. These measures include enhancing awareness among bank employees, providing sanitizers and disinfection mechanisms, promoting the use of technology for meetings, and encouraging clients to use electronic channels and cards for transactions. The Central Bank of Egypt also emphasizes the importance of monitoring local and international situations to take immediate action to maintain banking and monetary stability.

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operational
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aml
kyc
consumer
credit
payments