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In a major move to bolster financial transparency, the Central Bank of Egypt (CBE) has issued new directives requiring all banks to enforce strict credit disclosure rules on non-banking financial institutions (NBFIs). According to the official circular, banks are now prohibited from granting or renewing credit facilities to any NBFI that has not fully registered and reported its credit data within the CBE’s central system and the Egyptian Credit Bureau (i-Score).

The CBE emphasized that these measures, rooted in Law No. 194 of 2020, are designed to ensure the accuracy of creditworthiness assessments across the sector. Non-compliant entities have been given a three-month grace period to rectify their status. Failure to do so will result in their existing debts being placed under liquidation. This regulatory crackdown aims to prevent distorted credit data from impacting lending decisions, thereby safeguarding the overall stability and health of the Egyptian banking system.