CBE allows banks to include audited interim earnings in capital adequacy calculations
The Central Bank of Egypt (CBE) has issued new instructions that allow banks to include interim earnings in their capital adequacy calculations, after being reviewed by auditors. CBE’s previous regulations dated back to 2012, and stipulated that banks can only include earnings for the full year, following approval of profit appropriation by the bank’s AGM, and following approval of the CBE.
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