Regulatory Alerts2015-06-10
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FRA Board of Directors Decision No. 77 of 2015 on the Capital Adequacy Standard for Real Estate Financing Companies
The Egyptian Financial Regulatory Authority (FRA) issued Decision No. 77 of 2015 to mandate a minimum 10% capital adequacy ratio for all licensed real estate financing companies. The regulation defines Tier 1 and Tier 2 capital components and establishes specific risk-weighting schedules for various asset classes, including residential and non-residential financing loans. Compliance with the capital adequacy reporting requirements takes effect from the financial statements covering the period ending September 30, 2015, while superseding any conflicting prior provisions.
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