Regulatory Alerts2017-01-02
Added · Updated
Circular dated December 29, 2016 amending the second clause of the circular issued on January 11, 2016 regarding the Small and Medium Enterprises Initiative
The Central Bank of Egypt amends the risk weight application for micro and very small enterprises under the SME initiative, reducing the annual sales threshold from 10 million to 20 million Egyptian pounds. This adjustment applies specifically to the risk weight of 75% for claims on 'clients' defined as micro and very small enterprises, excluding small and medium enterprises. The rest of the criteria in the January 11, 2016 circular remain unchanged.