Regulatory Alerts2024-03-04 | CBE4.4Added · Updated
CBE Regulation Book 4.4 - Prohibition Of Accepting The Bank Of Its Capital Shares As Guarantee
This regulation, issued by the Central Bank of Egypt (CBE), prohibits banks from accepting their own capital shares as collateral or dealing in them. It also outlines procedures for liquidating movable or immovable assets that a bank acquires in satisfaction of a debt. The regulation specifies conditions for the bank to dispose of such assets, including a timeframe and potential extensions, and details the process for determining their value and sale.
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