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| CBE allows 40 Pct ownership capital for banks |
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| Written by Egypt News | |
| Tuesday, 13 October 2009 | |
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Central Bank of Egypt (CBE) introduced new regulations whereby banks
are prohibited from owning more than 40 percent of the paid in capital
of non-financial firms.
Ownership of more than 40 percent of non-financial firms is confined to these assets perverted to banks in repayment of bad loans.
EGYPT NEWS
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