Regulatory Alerts2023-01-06 | CBE4.2CBE Regulation Book 4.2
The Central Bank of Egypt's credit registration system contains information on the financing and credit balances of banks, leasing and finance companies, and mortgage companies. The system also includes a negative list of customers who have defaulted on loans of EGP 30,000 or more. The system has been automated and integrated with the Central Bank's credit information and scoring system. The Central Bank has also established rules for banks, leasing and finance companies, and mortgage companies to submit customer information and declarations when applying for financing or credit facilities. These rules include the types of documents and declarations required, such as proof of identity and declarations of related parties. The Central Bank has also set out the procedures for banks to access customer data and the types of data that can be accessed.