Regulatory Alerts2024-03-04 | CBE4.1.8Added · Updated
CBE Regulation Book 4.1.8: Mortgage Financing Controls
The Central Bank of Egypt permits commercial banks to grant mortgage loans up to 10% of their total mortgage portfolio, subject to a minimum loan amount equal to the average monthly installment of the loan. Banks must adhere to established banking regulations and ensure that the minimum loan amount is not less than the average monthly installment. The regulation repeals previous circulars and decisions, including Circular No. 28 of 2002 and Circular No. 5 of 1998, which are replaced by this new framework effective from the date of publication.
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