Regulatory Alerts2012-05-10
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Amending some provisions of the decision regarding the maximum limits of the bank’s investments with a single client, the client and parties associated with him
The Central Bank of Egypt amends Decision No. 305 by repealing its fifth paragraph, which previously set maximum limits for investments with a single client and associated parties. The remaining provisions of Decision No. 305 continue to apply to all credit rating grades, including categories 1 and 2. Banks are granted a compliance period ending on December 31, 2009, after which full adherence to the decision is mandatory.
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