2022-04-27 | CBE10.5

CBE Regulation Book 10.5 - Initiatives For Defaulting Customers. Initiative For Irregular Customers From Natural Individuals.

The chapter discusses a new initiative by the Central Bank of Egypt to assist individual customers who are irregular in their payments. The initiative aims to help these customers resume their dealings with the banking system, increase their purchasing power, and boost local demand. The initiative includes waiving legal cases, removing customers from credit bureau blacklists, and releasing non-cash guarantees and pledges.

Egypt

Central Bank of Egypt

Show thumbnail