2022-04-11 | CBE11.1

CBE Regulation Book 11.1 - Establishing A Department For Financial Inclusion In Banks

The first chapter emphasizes the importance of financial inclusion in Egypt as a key driver of sustainable development and its relationship with financial stability and economic growth. To address the barriers that prevent access to banking services for all segments of society, especially the financially excluded, the Central Bank of Egypt directs all banks to establish a dedicated Financial Inclusion Department. This department will be responsible for coordinating internal bank efforts and liaising with the Central Bank on financial inclusion matters, including strategy formulation, geographic expansion, product development, digital service delivery, financial literacy, and support for entrepreneurs and innovative ventures.

Egypt

Central Bank of Egypt

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