Regulatory Alerts2020-02-18
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Circular dated February 16, 2020 regarding amending the ratio of real estate financing to the total loan portfolio
The Central Bank of Egypt amends Circular No. 2/87/310 dated March 13, 2002, by increasing the limit on real estate financing loans from 5% to 10% of a bank's total loan portfolio. This amendment, effective from the date of the circular, is implemented to accommodate the expected increase in financing volume resulting from the initiative launched on December 19, 2019, which allocates 50 billion Egyptian pounds for real estate financing targeting middle-income customers. The 10% limit does not apply to the Arab African International Bank and the Housing and Development Bank.
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monetary
credit
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