CBE increases retail clients’ debt burden ratio from 35% to 50%
The Central Bank of Egypt (CBE) announced that it has raised the debt burden ratio (DBR) of retail banking clients to 50% of their monthly salary, up from the 35% previously set in Jan 2016. The DBR includes personal loans, credit card payments and car loans, while housing loans’ DBR of 40% was unchanged. The CBE added that the decision to increase the DBR came in light of the improvement of Egypt’s economic indicators and the increase of its GDP.
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