2018-09-09

A circular dated September 5, 2018 regarding obtaining the Ministry of Finance’s approval before lending to public business sector companies

Cairo, September 5, **2018** Dear Esteemed / Bank CEOs, In light of the government's approach to stop funding for non-banking companies, I would like to emphasize that your banks should obtain a pre-approved written permit from the Ministry of Finance before issuing any financial guarantees to non-banking companies. Please be guided accordingly and kindly accept **my highest respects**, Jamal El-Nagm

Egypt

Central Bank of Egypt

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