2024-02-29 | CBE4.1.7

CBE Regulation Book 4.1.7 - Controls Related To Financial Leasing

The document outlines regulations for credit facilities and leasing companies in Egypt. It includes general guidelines and specific rules for financing leasing companies, such as limits on the percentage of a bank's portfolio that can be allocated to leasing companies and conditions for financing them. The instructions are effective from the date of the circular and require banks to gradually reduce existing investments that exceed the prescribed limits, providing a corrective plan to the Banking Supervision Sector within 3 months and a quarterly report on the status of these investments.

Egypt

Central Bank of Egypt

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