Regulatory Alerts2015-06-14
Added · Updated
Industry Initiative Instructions
The Central Bank of Egypt mandates banks to establish a mechanism for handling non-compliant industrial sector clients, excluding those with discharged debts or ongoing judicial procedures unless a settlement is reached. Banks may grant new credit facilities to eligible clients, calculating provisions for new limits at 5% of the limit, while coordinating under the lead lender's supervision. Banks must assess repayment capacity, conduct sensitivity analyses, consider restructuring existing facilities, and submit quarterly reports to the Central Bank, adhering to credit assessment rules effective from May 24, 2005, and January 3, 2012.
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