Regulatory Alerts2020-03-19
A circular dated March 19, 2020 regarding canceling the field inquiry procedure for credit customer suppliers
On March 19, 2020, the Central Bank of Egypt decided to suspend a previous decision regarding field inquiries about the suppliers of credit customers. This suspension aimed to facilitate credit granting procedures in light of the current situation. Banks are requested to take the necessary actions to implement this decision effective immediately.
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credit