Circular Letter dated 12 October 2026 Regarding the Prohibition of Granting Credit Facilities to Consumer Finance Companies for Operations Listed in the General Authority for Financial Supervision's Circular of 16 September 2026

Cairo, 12 October 2026

To the Executive President / Mr. [Name Redacted],

Bank

With best regards,

Reference is made to the circular letter dated 24 September 2025 regarding the acquisition of banks by the companies under their supervision (......, refinancing operations, granting credit facilities) confirming that there are no violations listed, no administrative penalties or measures, and compliance with the standards and rules of practice in the specified activity by the companies under the Authority's supervision.

Reference is also made to the circular issued by the General Authority for Financial Supervision dated 16 September 2026 regarding controls on dealing in gold, including gold bars and gold jewelry, and prohibiting the consumer finance sector from dealing in products and services (attached copy) involving precious metals such as silver and platinum.

In light of the above, we wish to confirm the prohibition on the use, renewal, or granting of any credit facilities by consumer finance companies to finance operations involving gold bars, gold jewelry, and precious metals, including silver and platinum.

This applies without liquidating any debts listed in the decision of the General Authority for Financial Supervision mentioned above, while maintaining the continued acquisition of the circular letter dated 24 September 2025 mentioned therein.

Please accept our highest respect.

Tarek Elkholy