2022-12-15

A circular dated December 15, 2022 regarding extending the target percentages for companies and micro, small, and medium enterprises until December 2023.

In a letter dated December 15, 2022, the Central Bank of Egypt's Board of Directors decided to extend the requirement for banks to maintain a 25% quota of their credit facilities for micro, small, and medium-sized enterprises for an additional year, until December 31, 2023. This decision aims to provide further support and incentives for banks to continue financing these businesses, recognizing their importance in boosting economic growth. The letter emphasizes the need for banks to comply with this directive.

Egypt

Central Bank of Egypt

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