Regulatory Alerts2021-08-02
Added · Updated
Circular dated July 29, 2021 regarding financial inclusion activities
The Central Bank of Egypt mandates that banks conduct financial inclusion activities during specific periods throughout the year, including March 8-31, April 1-30, August 1-15, September 1-15, October 15-31, and December 1-15, coinciding with designated international and local observances. Banks are required to operate outside their branches during these periods to offer suitable products, open new accounts with no fees or minimum balance, issue prepaid cards, and promote e-wallet usage. Additionally, banks must conduct financial literacy activities, distribute informational brochures, utilize social media and SMS for promotion, and display specific banners in their branches.
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