2020-03-16

A circular dated March 16, 2020, supplementing the instructions issued regarding the precautionary measures that must be taken to confront the effects of the Corona virus.

As a precautionary measure to mitigate the impact of the Coronavirus, the Central Bank of Egypt has instructed all banks to postpone credit facilities for corporate and retail customers, including consumer and personal housing loans, for a period of 6 months without applying additional returns or penalties for late payments. This decision is effective immediately and is in line with the ongoing monitoring of the banking market situation.

Egypt

Central Bank of Egypt

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