2024-04-07

A circular dated April 7, 2024 regarding amendments to the initiative to finance industrial and agricultural private sector companies in accordance with the approval of the Council of Ministers.

In a letter to the Chairman of the Board of Directors of a bank, Mr. Tariq Al-Kholi informs him of amendments approved by the Cabinet of Ministers to an initiative for financing private industrial and agricultural companies. The amendments include an increase in the interest rate to be borne by the customer from 11% to 15%, an increase in the maximum financing limit for a single customer, and the application of these amendments to any new loans and new withdrawals for working capital financing.

Egypt

Central Bank of Egypt

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