2020-06-17

A circular dated June 18, 2020 regarding the listing of newly established medium-sized companies and small companies affiliated with large entities with an 8% initiative.

In a letter dated June 18, 2020, the Governor of the Central Bank of Egypt, Tarek Amer, announces adjustments to the bank's initiatives to encourage lending to small and medium-sized enterprises at reduced interest rates. The adjustments include expanding the eligibility criteria for companies in the industrial, agricultural, and construction sectors to benefit from a 100 billion Egyptian pound funding at an 8% decreasing annual interest rate. These changes aim to support newly established companies and those with high financial solvency that are classified as medium or small enterprises based on their paid-up capital or financial statements.

Egypt

Central Bank of Egypt

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