2020-04-21

A circular dated April 16, 2020 regarding exempting banks for one year from complying with Clause Two contained in the instructions for concentrating banks’ credit portfolios issued on January 11, 2016 regarding the facilities granted to the largest 50 clients.

In light of the COVID-19 pandemic and its potential impact on the economy and banking sector, the Central Bank of Egypt has decided to waive the implementation of the decision regarding credit concentration limits for the top 50 clients and linked parties for a year, effective immediately. This decision aims to alleviate the burden on banks and maintain financial stability.

Egypt

Central Bank of Egypt

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