Regulatory Alerts2022-04-28 | CBE11.4Added · Updated
CBE Regulation Book 11.4 - Financial Inclusion Activities
The Central Bank of Egypt mandates Egyptian banks to conduct financial inclusion activities during specific annual periods aligned with international and national observances, including Women's Day, Youth Day, Eid al-Fitr, Persons with Disabilities Day, and the International Day for the Elimination of Violence against Women. Banks are required to display their presence at branches, offer new customer accounts with no fees or minimum balances, promote prepaid and credit cards, encourage the use of e-wallets, and conduct financial literacy workshops. Additionally, banks must distribute informational brochures, provide media coverage via social media, send SMS notifications to telecom customers, and display promotional banners at all branches during these designated periods.
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