2012-05-10

Encouraging banks to finance small and medium-sized companies and enterprises

The letter, addressed to a bank, discusses the importance of the Egyptian banking sector in supporting the national economy and developing and activating various companies and establishments, especially small and medium-sized enterprises that face challenges in accessing financing. It references an attached decision by the Central Bank of Egypt's Board of Directors to encourage banks to provide financing to these businesses. The letter requests that the recipient take the necessary steps to implement the decision and notes that the Supervision and Control Sector of the Central Bank will provide detailed conditions, procedures, and rules for applying the decision's provisions.

Egypt

Central Bank of Egypt

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