Regulatory Alerts2025-03-26
Added · Updated
Rules Regulating the Credit Registry System at the Central Bank of Egypt
The Central Bank of Egypt updates the rules for the credit registry system, requiring banks and credit granting entities to register and update data on customers, guarantors, and related parties. Data submission is mandatory for all large companies and for individuals and SMEs with financing balances of 300,000 Egyptian pounds or more. Entities must view consolidated statements and credit reports before approving new financing or modifying existing limits. A 12-month reconciliation period is granted from the issuance date, during which banks must submit implementation timelines for quarterly monitoring.
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