2021-12-12

A circular dated December 9, 2021 regarding the continued extension of the period of exempting banks from the application of Clause Two contained in the instructions for concentration ratios in the credit portfolios of the 50 largest clients and related parties issued on January 11, 2016.

The Central Bank of Egypt (CBE) has decided to extend the second phase of bank liquidity control until December 2022. This decision was made following a meeting on December 9, 2021. It's part of the Central Bank's effort to help banks maintain high levels of liquidity and support them in dealing with the risks associated with COVID-19, as per the guidelines issued by the CBE Governor on April 7, 2019. The governor, Hisham Ramez, emphasized that the bank's decision is subject to the initial announcement, which was made on July 6, 2016.

Egypt

Central Bank of Egypt

Show thumbnail