Amendments to the Financial Consumer Protection Instructions for the Banking Sector 2025

2094
Amendments to the Financial Consumer Protection Instructions for the Banking Sector for the Year 2025

Article (1):
These Instructions shall be titled "Amendments to the Financial Consumer Protection Instructions for the Banking Sector for the Year 2025" and shall be read together with the Financial Consumer Protection Instructions for the Banking Sector for the Year 2024, referred to hereinafter as the "Original Instructions," as amended instructions, and shall be enforced from the date of their publication in the Official Gazette.

Article (2):
Article (1) of the Original Instructions is amended by deleting the phrase "after (90) days from the date of its publication in the Official Gazette" and replacing it with the phrase "from the date of 2025/7/1".

Article (3):
Clause (a) of Article (2) of the Original Instructions is amended by deleting the phrase "or excess" contained in the meaning assigned to the definition of the debt burden ratio.

Article (4):
Clause (b) of Article (65) of the Original Instructions is amended by deleting the phrase "at the time of card renewal and fees related to each month's collection within one month from the date of its expiration" and replacing it with the phrase "at the time of annual card renewal in addition to fees related to each collection period not exceeding one month from the date of renewal".

Article (5):
Clause (a) of Article (88) of the Original Instructions is amended by adding the phrase "the meaning defined in the Capital Adequacy Instructions according to Basel III Standard No. (2016/67) or any instructions amending or replacing them" after the phrase "Small and Micro Enterprises" contained therein.

Article (6):
Article (89) of the Original Instructions is amended as follows:

1. Clause (a) is added to it with the following text:
   "Notwithstanding what was stated in Clause (a) of this Article, the provisions of Article (48) shall apply to existing loans and credit facilities granted prior to the enforcement of these Instructions, in respect of the value of any installment/instalments that the customer fails to pay after the enforcement of these Instructions. Furthermore, the provisions of Article (49) and Clause (a) of Article (65) shall apply to all existing banking facilities and credit cards granted prior to the enforcement of these Instructions, from the date of enforcement of these Instructions."
2. The numbering of Clause (a) therein is amended to become Clause (c).

Governor of the Central Bank
Dr. Adel Al-Sharkas