2020-03-19

A circular dated March 19, 2020 regarding canceling the field inquiry procedure for credit customer suppliers

In a letter dated March 19, 2020, Dr. Tarek Amer, Chairman and CEO of the Central Bank of Egypt, informed that due to the challenging circumstances, the Central Bank has decided to temporarily halt mortgage financing activities as stated in its previous reports issued on December 3, 2019, and February 26, 2020. The decision was made to ensure smooth implementation of credit support measures. He also urged everyone to follow these guidelines starting from their respective dates and asked for the highest consideration.

Egypt

Central Bank of Egypt

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