2019-02-26

Circular No. 42 issued on February 26, 2019 regarding instructions for implementing the International Financial Reporting Standard (9)

The letter informs the bank's board of directors about the adoption of IFRS 9 and the need to prepare for its implementation. It highlights the importance of adhering to the Central Bank of Egypt's instructions and the potential impact on financial statements. The letter also emphasizes the need for proper governance and internal controls to ensure accurate and timely reporting.

Egypt

Central Bank of Egypt

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