2021-01-11

Added 2024-09-21 · Updated 2026-08-02

Circular dated January 11, 2021 regarding banks’ distribution of cash dividends in light of the continuing Corona crisis

The Central Bank of Egypt prohibits banks from distributing cash dividends from current and/or retained distributable profits to shareholders to strengthen capital bases amid the ongoing COVID-19 crisis. The circular permits banks to continue distributing dividends to employees and paying management bonuses for the year 2020.

Egypt

Central Bank of Egypt

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