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    CBE Amends Guidance on Governance and Rules on Licensing for Banks

    November 14, 2021

    The Central Bank of Egypt (CBE) published a circular on amendments to the August 2011 guidance on governance of banks. The amendments relate to the composition of board of directors, formation of board of directors, number of qualified board members, and executive and non-executive board members. CBE also published a circular updating the rules for licensing and registration of banks and representative offices of foreign banks.

    Related Links (in Arabic)

    Keywords: Middle East and Africa, Egypt, Banking, Governance, Bank Licenses, Circular, Guidance, Licensing Framework, CBE

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