2016-02-22

A circular dated February 22, 2016 regarding the initiative for medium-sized companies operating in the industrial and agricultural sectors

The Central Bank of Egypt has issued an initiative to encourage banks to provide facilities for small and medium-sized enterprises, with a particular focus on reducing interest rates for these companies. The initiative includes a decision by the Board of Directors to allocate 5 billion Egyptian pounds for medium-term loans to regular or newly established companies in the fields of industry and agriculture, with a maximum duration of 10 years. The interest rate for these loans is set at a fixed rate of 7% annually, with the possibility of revision by the Executive Management of the Central Bank of Egypt.

Egypt

Central Bank of Egypt

Show thumbnail