2017-06-07

Added 2024-09-20 · Updated 2026-08-16

Circular dated May 7, 2017 regarding locally systemically important banks

The Central Bank of Egypt designates banks as locally systemically important based on a methodology using indicators such as total exposures, interbank linkages, lack of substitutes, and activity complexity. Additional capital requirements ranging from 0.25% to 1.25% are imposed based on a scoring bucket system, with thresholds from 0 to over 3,200 basis points. The methodology is subject to review every three years and applies to banks operating in Egypt starting from January 1, 2019, or July 1, 2019, depending on their fiscal year-end.

Egypt

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