2012-05-08

Added 2024-09-20 · Updated 2026-08-16

Postponing the deduction of additional impairment losses calculated for owning shares in non-financial companies whose value exceeds 40% of the company’s issued capital.

The Central Bank of Egypt postpones the application of additional impairment loss deductions for shareholdings exceeding 40% of a non-financial company's issued capital, deferring the effective date to July 1, 2012, for banks issuing financial statements by the end of June. This measure applies to banks holding such shares as of that date and to new acquisitions satisfying debt obligations that have been held for one year. The regulation does not apply to impairment losses already deducted in financial statements for the fiscal year ending December 2010.

Egypt

Central Bank of Egypt

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