Regulatory Alerts2019-12-22
Added · Updated
Circular dated December 19, 2019 amending the ratio of consumer loans to total monthly income
The Central Bank of Egypt increases the maximum ratio of total monthly consumer loan installments to an individual's total monthly income from 35% to 50%, including housing loans for individuals which remain capped at 40%. This amendment applies to personal loans, credit card facilities, and personal car loans effective immediately, with periodic monitoring of banking indicators to review the ratio if necessary.