2022-04-18 | CBE7.2

CBE Regulation Book 7.2 - Instructions For Implementing The International Financial Reporting Standard 9 Final Application

The Central Bank of Egypt's board of directors decided at its meeting on January 17, 2018 to require banks to prepare financial statements in accordance with IFRS 9 starting in 2019. This applies to banks that prepare annual financial statements at the end of December and to banks that prepare semi-annual financial statements at the end of June. The instructions for preparing financial statements in accordance with IFRS 9 are based on the experimental financial statements that banks prepared for 2018. The instructions apply to all banks and foreign bank branches operating in Egypt, including the Central Bank of Egypt and all of its branches. The instructions cover individual, consolidated, and combined financial statements.

Egypt

Central Bank of Egypt

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