Regulatory Alerts2022-04-28 | CBE10.9Added · Updated
CBE Regulation Book 10.9 - Pledges Issued By The Central Bank To The Credit Risk Guarantee Company.
The Central Bank of Egypt issues pledges to the Credit Risk Guarantee Company to underwrite guarantees issued by the Company to banks for financing specific sectors, including SMEs, large industrial and agricultural enterprises, tourism accommodation and transport, and vehicle replacement. The regulation defines risk weightings for capital adequacy calculations, sets maximum exposure limits per client, and mandates monthly reporting of guaranteed portfolios to the Central Bank's supervision department. Specific pledge amounts range from 2 billion to 15 billion Egyptian pounds, with coverage ratios varying between 70% and 100% depending on the initiative, and banks retaining residual risk shares of 20% to 30%.
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