Regulatory Alerts2022-04-18 | CBE11.6Added · Updated
CBE Regulation Book 11.6 - Companies And Establishments Owned By Women And Managed By Them
The Central Bank of Egypt defines companies and establishments owned or managed by women as those where women hold at least 51% of capital, or at least 20% of capital plus at least one executive director or deputy. Banks must update their databases to reflect this definition for new accounts immediately and for existing accounts within five years or at periodic credit facility renewals. All companies and establishments are subject to this definition regardless of size, and banks must report them to the Egyptian Credit Bureau and the Central Bank's credit registration system.
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