Latest in Tag: Banking Law Highlight
Latest in Tag: Banking Law
Banks in Egypt increase capital to comply with new banking law
Law stipulates minimum capital of EGP 5bn for banks operating in Egyptian market, $150m for foreign bank branches
Parliament approves new Banking Law ensuring monetary stability
The approval was given after a standing vote on the new law, with a two-thirds majority of the parliament members voting their approval.
Parliament approves new banking law, refers for State Council review
Draft law provides for repeal of the Law on the Central Bank and the Banking System issued by Law No. 88 of 2003
Egypt’s awaited banking law to revolutionise sector: Khodeir Partners co-founder
Khodeir’s comments came during a roundtable discussion held to tackle the banking draft law and its role in enhancing Egypt’s economic development.
New Banking Law prohibits establishment or operation of platforms for issuing, circulating e-currencies without license
Law grants CBE’s board right to issue regulation, circulation, dealing rules with such types of currencies, money
New Banking Law requires 25 banks, 4 foreign branches to raise capital
Banks such as IDB, ABE, ELAB, EBE do not fall under the specialised banks category, will not be exempted from EGP 5bn minimum capital: Negm
Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos
Pharos believes that the capital increase could trigger a wave of porfit retentions and mergers and acquisitiions.
Credit Agricole Egypt prepares to comply with new banking law, increase capital to EGP 5bn: Managing Director
The parent group supports bank’s unity in Egypt due to importance of Egyptian market, says Venas
New banking law presented to CBE board of directors: Amer
Kuwait agrees preliminary to renew $4bn deposits to Egypt, says CBE governor
Controversy intensifies over new Banking Law
CBE surveyed IMF and World Bank experts regarding the law after field visits to several central banks, Amer said in an earlier statement