Regulatory Alerts2017-01-16
Added · Updated
Circular Letter dated January 11, 2017 amending the conditions for listing supportive loans (deposits) in accordance with the instructions of the capital adequacy standard
The Central Bank of Egypt amends paragraph 6/2/3/2 of its December 24, 2012 instructions on the minimum capital adequacy standard to define the eligibility criteria for supportive loans or deposits. The amendment requires that such loans or deposits, whether provided by shareholders, the Central Bank of Egypt, or international institutions and multilateral development banks, must be unconditional and not earmarked for or offset against specific assets. Loans or deposits granted by these international entities are to receive the same regulatory treatment as those provided by the Central Bank of Egypt.
Topics
Share