Regulatory Alerts2023-06-14
Added · Updated
Circular dated May 14, 2023 regarding the rules of licensing, control and supervision of exchange companies
The Central Bank of Egypt extends the temporary treatment for non-performing loans of small and medium-sized enterprises until the end of June 2024. Under this extension, customers are placed in Stage 3 if obligations exceed 180 days, replacing the previous 90-day threshold. Customers may be upgraded from Stage 3 to Stage 2 upon satisfying quantitative and qualitative criteria, settling overdue returns, and maintaining regular payments for 90 days.
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