Cairo: The Central Bank of Egypt (CBE) announced that all banks operating in the country are committed to applying credit policies that align with its regulatory rules, highlighting its role in maintaining financial and banking stability.

According to State Information Service Egypt, the CBE clarified in a statement released on Thursday, April 2, 2026, that the process of granting credit facilities and restructuring client debts is based on thorough credit studies designed to protect banks’ rights and adhere to approved lending standards. The CBE emphasized that banks secure adequate guarantees in accordance with each client’s credit position and implement necessary precautionary measures, such as setting aside appropriate provisions to cover potential risks, thereby safeguarding depositors’ funds.

The statement further explained that banks conduct regular follow-ups on all client transactions in line with supervisory rules and international best practices. Addressing recent reports circulated on social media about the debts of a major client in the banking sector, the central bank revealed that a consortium of lending banks had reached an agreement to restructure the client’s liabilities. This agreement ensures full repayment, including interest, supported by sufficient guarantees.

The CBE highlighted that financial soundness indicators demonstrate the strength and resilience of the banking sector, showcasing its ability to withstand various crises and support overall economic stability. It also urged social media users to verify information before sharing, cautioning against the spread of inaccurate reports that could cause confusion or affect public opinion. The CBE stressed the importance of relying on official and credible sources for information.