Rules Regulating the Credit Registry System at the Central Bank of Egypt

These instructions and update them in line with developments in the banking sector and the requirements of the Central Bank and Banking System Law

Issued by Law No. 194 of 2020, the Board of Directors of the Central Bank of Egypt approved at its meeting held

On March 18, 2025, the issuance of the attached instructions regarding the "Rules Regulating the Credit Registry System at the Bank

The Central Bank of Egypt" shall grant banks and credit granting entities a period to reconcile their situations for a period of 12 months from the date of

Their issuance, with banks providing the Central Bank with a specific timeline for the stages of implementation approved by their boards of directors,

Provided that their implementation is monitored by the Central Bank on a quarterly basis.

Please accept our highest respect,

Hassan Abdullah

Central Bank of Egypt
CENTRAL BANK OF EGYPT

Credit Registry Rules

At the Central Bank of Egypt

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Table of Contents

Introduction

Scope of Application

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General Rules for Credit Registry

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Declarations and Documents Required to View the Consolidated Statement and Credit Report

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Viewing the Consolidated Statement and Credit Report

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Registering and Updating Customer, Guarantor, and Related Party Data

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Disclosure of Guarantors and Parties Related to Customers

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Declaration of Customer Centers Receiving Financing or Credit Facilities

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Registration of Customer Categories Subject to Procedures

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Credit Information Management

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Penalties

10 Data Processing Cost

Introduction

In light of the importance of credit information systems in promoting the safety and stability of the financial system in general and the banking system in particular,

Work has been done to prepare these instructions to update the rules regulating credit registry for collecting data on customers who have obtained financing or

Credit facilities and their guarantors and related parties, with the aim of making them available to banks and credit granting entities for review and study before providing

Financing or credit facilities or renewing existing limits or increasing, decreasing or modifying their terms, as well as monitoring the extent to which customers are regular in

Payment of their obligations.

Scope of Application

These instructions apply to all banks operating in the Arab Republic of Egypt (including branches of foreign banks), credit granting entities,

And credit information and rating companies, each in its own capacity.

Credit granting entities are the entities or companies that grant credit other than banks, and include real estate finance companies,

Financial leasing companies, factoring companies, institutions, companies, and associations for financing micro, small

And medium-sized enterprises, consumer finance companies, consumer finance providers, Nasser Social Bank, the Small Enterprise Development Agency

And medium-sized enterprises, as well as any other entities licensed by the Central Bank or the General Authority for Financial Supervision to grant credit.

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General Rules for Credit Registry

1-1 Banks and credit granting entities shall be fully responsible for the accuracy of the data recorded and sent to the credit registry system

At the Central Bank as well as to credit information and rating companies, in accordance with the mechanism followed in this regard.

1-2 Banks and credit granting entities must observe the following:

1-2-1 Sending and updating data on all customers from individuals, companies, and micro, small and medium enterprises whose

Balances of financing and credit facilities provided to them (whether authorized or used up to the approval limit (300,000 Egyptian pounds

Or more) or its equivalent in foreign currencies in the credit registry system at the Central Bank.

2-2-1 Sending and updating data on all customers from large companies and institutions (including the government, public, and business sectors

Public) in the credit registry system at the Central Bank without being restricted by the approval limit.

2-1 Sending and updating data on all customers from individuals, companies, and micro, small and medium enterprises that have obtained

Financing or credit facilities and their guarantors and related parties to credit information and rating companies in accordance with these

Instructions and the mechanism followed in this regard.

1-2 Registering and sending data to the credit registry system at the Central Bank and credit information and rating companies by a responsible person

Or more, provided that the Central Bank, the General Authority for Financial Supervision (for entities subject to its supervision), and

Credit information and rating companies are provided with their data.

1-2-5 All data recorded in the credit registry system at the Central Bank and with credit information and rating companies shall be available

On the bank's or credit granting entity's database to ensure easy access to it.

1-2-6 Ensuring the accuracy and consistency of customer data recorded and ensuring that it matches the data sent to the various sectors and departments

At the Central Bank as well as to credit information and rating companies, with the Central Bank being notified in case of any discrepancy and clarification of

The reasons for this and the corrective measures taken in this regard.

2-1 Taking all necessary measures to ensure data security.

1-2-8 Applying these instructions to all customers, including employees of both banks and credit granting entities, in the event that any of them applies

To obtain financing or credit facilities or advances, as well as debtors for the purchase of assets that have been transferred to the ownership of the bank or credit granting entity

In repayment of debts.

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2-1 Verifying the accuracy of the data recorded in the credit registry system at the Central Bank through the following as a minimum:

1-9-2-1 Reviewing all customer data recorded before its approval on the system.

2-9-2-1 Reviewing customers who were not declared during the month compared to the previous month with clarification of the reasons for non-declaration,

And ensuring that the accounts of these customers are closed in cases that require it.

9-2-1 Reviewing all data and reports related to monthly declarations, including the total balances of declarations, and the number of

Customers who have been declared compared to the previous month, with reinforcing the accuracy of this data for the central administration to collect

Credit risks at the Central Bank.

10-2-1 Providing the Central Administration for Collecting Credit Risks at the Central Bank with the following as a minimum:

1-10-2-1 Monthly statement of all financing and credit facilities granted to customers based on declarations compared to

The financial center report of the bank sent to the Banking Supervision Sector, explaining the reasons for the differences (if any).

2-10-2-1- Monthly statement of the most important changes in the bank's file and their reasons.

3-10-2-1 Monthly statement of changes in the balances of the top 20 customers with a statement of the reasons for the change.

1- The following cases are excluded from the application of these instructions:

1-3-1 Financing and credit facilities provided to banks.

1-3-2 Guarantors and sureties whose role is limited to providing collateral in kind or collateral in cash and the like (represented in savings instruments

Such as deposits and certificates of deposit, treasury bills, and government bonds, ........)

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Declarations and Documents Required to View the Consolidated Statement and Credit Report

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Banks and credit granting entities shall be required to complete a declaration from their customers applying for financing or credit facilities (whether fully covered

Or partially or uncovered) explaining all parties related to them, as well as a declaration explaining their debts to banks and entities

Granting other credit, and the financing requests submitted by them may not be considered until after completing this data and declaring its accuracy, as it must

The banks and credit granting entities shall exercise due diligence to verify the accuracy of this data, with the customer being informed that neglecting to declare certain

Data or declaring inaccurate data will result in failure to obtain the required financing.

2-2 Banks and credit granting entities shall obtain the documents and data necessary to identify the identity of customers, their guarantors and the parties

Related to them in accordance with the instructions issued in this regard by the Central Bank, the General Authority for Financial Supervision, and the Anti-Money Laundering Unit

And combating the financing of terrorism, as the case may be, provided that these documents are recent and valid.

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Viewing the Consolidated Statement and Credit Report

1-3 Rules of Viewing

Banks and credit granting entities must comply with the following:

1-1-3 Viewing the consolidated statement issued by the Central Bank for all customers of legal persons applying for

Financing or credit facilities and their guarantors and related parties.

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Viewing the credit reports issued by credit information and rating companies for all customers from individuals and companies

And micro, small and medium enterprises in accordance with the definition issued by the Central Bank in this regard and their guarantors

And the parties related to them.

3-1-3 Viewing the consolidated statement and credit reports before approving the provision of financing or credit facilities to customers, as well as before renewing

Existing limits or increasing, decreasing or modifying their terms, including customers with credit facilities partially or

Completely covered, taking into account viewing a consolidated statement and/or an updated credit report in the event that more than a month has passed since the date of their extraction

Before issuing the approval or activating it.

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Viewing the data of the debtor who will be directly required to pay the debt in the event of discounting commercial papers.

3-1-5 Determining the value of the financing or credit facilities required when viewing, as well as the date of the request to obtain them.

3-1-6 Retaining the consolidated data and credit reports that are viewed by any means of preservation in a way that ensures the enhancement of control

Internal.

• Purpose of Viewing

Banks and credit granting entities view through the credit registry system at the Central Bank within the framework of one of the following purposes:

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Granting new financing.

2-2-3 Renewing, increasing, decreasing, or modifying terms or reviewing existing limits.

3-2-3 Reviewing the credit position of the customer to verify the extent of his regularity in paying his obligations.

3-2- Receiving a guarantee or warranty.

3-2-5- Examining a complaint submitted by the customer.

3-2-6 Based on a judgment or judicial order or an arbitral award.

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Registering and Updating Customer, Guarantor, and Related Party Data

Banks and credit granting entities must register the data of customers, their guarantors and related parties on the credit registry system at the Bank

Central to obtain their symbolic numbers, and this includes registering basic data, the nature of the activity, as well as financial data and indicators,

Taking into account the following:

14 That the registration or updating of data be based on supporting documents.

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Verifying that there are no previous symbolic numbers for customers, their guarantors, or related parties.

4-3 That the registration be immediately upon issuance of the approval for the grant, regardless of the customer's signing of the contracts or activating the credit approval, with

Consideration given to updating the customer's data first and foremost if any modifications occur to it.

4- Registering the data of the real beneficiary of the financing or credit facilities based on the declaration submitted by the customer, taking into account the guide

issued by the Central Bank in this regard.

4- Obtaining what indicates the size of business for all customers, including customers with fully covered facilities, and registering the activity

Economic activity of the customer according to the prevailing specialization based on the volume of sales/revenues (according to the instructions of the Central Bank issued in this

Regard), with assurance that the credit study includes the updated economic activity of the customer.

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In the case of a joint loan or financing, the bank or credit granting entity in charge of managing the loan or financing shall register all basic data

Of the customer and the parties related to him on the credit registry system, while all banks or credit granting entities participating shall register data

Of the guarantors, sureties, and financial indicators.

The symbolic number is a unified number in the credit registry system at the Central Bank for each customer who obtains financing or credit facilities from banks or credit granting entities, as well as

For each guarantor or related party.

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Disclosure of Guarantors and Parties Related to Customers

1-5 Data to be disclosed

Banks and credit granting entities shall disclose the guarantors and related parties of all customers after registering their basic data, based on

The declarations and supporting documents thereof, with a minimum of the following:

1-1 The ownership structure of legal persons, including the main shareholders, partners in solidarity companies and limited partnerships

Simple and joint stock partnerships (whether shares of money or work), the owners of individual establishments and founders of one-person companies.

2-2 The formation of the Board of Directors (if any).

3-3 Customer contributions in other companies by 10% or more of the issued capital or voting rights or any percentage that leads to

Actual control over them.

4-4 Companies under the actual control of the same owners are companies in which the owners of the company contribute 10% or more of the capital

Issued or voting rights or any percentage that leads to actual control over them directly or indirectly.

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5-1-5- Sureties and guarantors, including the following:

5-1-5-1 Guarantors who have signed guarantee contracts.

5-1-5-2 Partners in solidarity in solidarity companies, limited partnerships, and joint stock partnerships in the event of obtaining a guarantee for

Those companies.

5-1-5-3 Parties to the joint account with a statement of the percentage of each party in the joint account.