Regulatory Alerts2022-04-26 | CBE1.4Added · Updated
CBE Regulation Book 1.4 - Criteria For Approving The Opening Of New Branches Or Agencies For Registered Banks And The Use Of Service Vehicles
The Central Bank of Egypt establishes criteria for approving new branches, agencies, mini-branches, and mobile service vehicles for registered banks. Banks must meet specific capital adequacy ratios, risk management standards, and operational plans, with applications for new branches accepted only in September and mini-branches in February and September. Mini-branches require minimum capital allocations of 5 million EGP in Greater Cairo and Alexandria, 2 million EGP outside these areas, and 1 million EGP in Upper Egypt governorates. Mobile vehicles are restricted to ATM services in areas lacking bank branches and must adhere to strict security, staffing, and monitoring protocols.
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