2023-01-06 | CBE3.12

CBE Regulation Book 3.12

The Central Bank of Egypt's Board of Directors decided to prohibit banks from owning more than 40% of the share capital of financial companies. Banks were given three years to comply with the decision. To avoid potential losses, banks were required to sell their excess shares, and any losses incurred were to be reflected in their income statements.

Egypt

Central Bank of Egypt

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