Regulatory Alerts2020-12-29
Added · Updated
Circular dated December 30, 2020 regarding the Credit Risk Guarantee Company’s guarantee account for calculating the maximum limits for the bank’s investments with a single client and related parties
The Central Bank of Egypt excludes the portion of exposures covered by guarantees from the Credit Risk Guarantee Company from the calculation of maximum investment limits for a single client and related parties. Balances excluded under this rule are added to the bank's exposures with the Credit Risk Guarantee Company, excluding those covered by Central Bank of Egypt commitments. This adjustment applies to exposures arising from the guarantee account.