2021-02-22

A circular dated February 22, 2021 regarding stimulating banks to contribute to the capital of targeted investment funds to invest in small and medium-sized companies.

In an effort to encourage banks to increase their investments in small and medium-sized enterprises, the Central Bank of Egypt's Board of Directors approved, on February 21, 2021, the inclusion of banks' contributions to the capital of investment funds targeting small and medium-sized enterprises within the 25% quota of the bank's credit facilities directed towards these enterprises. This decision is subject to certain conditions, including obtaining the necessary license from the Financial Regulatory Authority and reporting the value of the bank's share in the funds to the Supervision and Control Sector on a quarterly basis.

Egypt

Central Bank of Egypt

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