2014-09-29

Added 2024-09-20 · Updated 2026-08-16

Disclosure of the actual annual rates of return

The Central Bank of Egypt mandates that banks must contract, apply, and disclose effective annual interest rates (EAR) for all banking products, including deposits and loans. Contracts with third-party suppliers for installment financing must also require the disclosure of effective rates. The circular explicitly prohibits the use, application, or disclosure of flat rates by banks or their suppliers.

Egypt

Central Bank of Egypt

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