Regulatory Alerts2012-05-10
Amending some provisions of the decision regarding the maximum limits of the bank’s investments with a single client, the client and parties related to him
In a letter dated August 4, 2009, the Chairman of the Board of the Bank addresses the Egyptian Central Bank's decision regarding maximum limits for the bank's employment of a single client and associated parties. The letter communicates the Egyptian Central Bank's Board decision to cancel the fifth item of its previous resolution from February 7, 2006, regarding the same topic, while continuing to apply the remaining items of the said resolution to all credit rating categories. Banks are granted a period for adjustment until December 31, 2009.
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credit