Circular dated 24 September 2026 regarding Licensing, Supervision, and Oversight Rules for Credit Guarantee Companies

The Central Bank of Egypt mandates that credit guarantee companies adopt a licensed joint-stock company structure with a minimum paid-up capital of 50 million Egyptian pounds. The regulations establish detailed procedures for preliminary and final licensing, including capital verification, fee payments, and registration, while prohibiting operations without final approval. Strict capital ownership rules are enforced, requiring prior approval for any acquisition of 10% or more of voting rights or capital, with specific thresholds for related parties and ultimate beneficiaries. The document further outlines governance standards, internal control requirements, and conditions for license revocation, including penalties for legal violations, misrepresentation, or insolvency.

CBE published 2 documents in the last 30 days — get each new one by email the day it lands.

24 September 2026: In Cairo

To the Appointed Member / Mr.

Company

, , , and after polite greetings,

Reference is made to Law No. 194 of 2020 issuing the Central Bank and Banking Supervision Law, which subjects credit guarantee companies to the supervision and regulation of the Central Bank. Given the importance of establishing supervisory frameworks and controls to ensure the financial integrity and stability of these companies, thereby supporting their efficient role in maintaining financial stability,

Email me when CBE publishes something newOne email per publication, same day. Sign in below to keep reading.

Source: Central Bank of Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works