Regulatory Alerts2023-01-06 | CBE3.12Added · Updated
CBE Regulation Book 3.12
The Central Bank of Egypt prohibits banks from holding shares in financial institutions exceeding 40% of the issued capital, while allowing unlimited ownership in payment service providers and payment processors. Banks must recognize impairment losses on excess holdings in their income statements, with specific calculation methods and effective dates established for compliance. Additionally, banks must submit pre-approval notifications for new investments in financial or non-financial companies where the stake reaches 5% or more of the issued capital.
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