Regulatory Alerts2022-12-19 | CBE3.6Added · Updated
CBE Regulation Book 3.6 - Reserve Percentage
The Central Bank of Egypt mandates that banks maintain non-interest-bearing current account balances with the central bank equal to at least 18% of their Egyptian Pound deposit base, effective for the reserve period starting October 4, 2022. The reserve ratio denominator includes total customer deposits in Egyptian Pounds, deposits from foreign financial institutions, and balances of government securities transactions, while excluding specific long-term savings systems and credit facilities granted to small and medium-sized enterprises. Banks are required to calculate this ratio based on the daily average over a two-week period and submit the reserve percentage statement to the Supervision and Notification Sector every two weeks.
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