2013-04-22

Added 2024-09-20 · Updated 2026-09-12

Emphasizing the necessity of adhering to the decision of the Board of Directors of the Central Bank dated January 3, 2012 regarding amending the rules governing the credit registration system at the Central Bank of Egypt

The Central Bank of Egypt reminds banks to strictly adhere to the Board of Directors' decision of January 3, 2012, concerning the credit registration system, specifically regarding the removal of non-compliant customers from negative lists by the end of June 2012. Banks are required to promptly update customer data upon repayment and ensure that issuing repayment receipts coincides with recording the repayment date in the Central Bank's information network. Failure to comply, as verified through customer complaints, may result in the application of measures stipulated in Article 135 of Central Bank Law No. 88 of 2003.

Egypt

Central Bank of Egypt

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Dear Sir,
Bank

Greetings,

We wish to remind you of the provisions contained in the decision of the Board of Directors of the Central Bank of Egypt No. 104/2012, issued during its session held on January 3, 2012, regarding the amendment of the rules governing the credit registration system at the Central Bank of Egypt, and the executive procedures related thereto, specifically concerning categories of customers who are non-compliant with repayments, including the instructions for listing individuals on negative lists and the basis for dealing with them. The decision stipulated the necessity of clearing negative lists by a maximum deadline of the end of June 2012, and emphasized the accuracy of information sent by banks to the Central Bank of Egypt and the Egyptian Credit Information Company.

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Source: Central Bank of Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works