2023-10-26

A circular dated October 26, 2023 regarding the inclusion of net interim profits from the continuing basic capital in the first tranche within the capital base according to the capital adequacy standard.

The letter informs the addressee of the Central Bank's decision to allow banks to include net interim profits in their Tier 1 common equity when calculating their capital adequacy ratio. This decision is in line with Basel III regulatory reforms and international best practices in banking supervision. The change aims to enhance the regulatory treatment of certain capital items, allowing banks to include net profits/losses in their core capital calculations.

Egypt

Central Bank of Egypt

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