Regulatory Alerts2022-04-27 | CBE10.2CBE Regulation Book 10.2 - Irregular Customers Initiative From Legal Persons For The Tourism Sector
In January 2020, the Central Bank of Egypt launched an initiative for irregular clients in the tourism sector with debts of 10 million Egyptian pounds or more. The initiative, which lasted until June 2021, offered debt relief and other benefits to eligible clients who made partial repayments. The initiative aimed to support the tourism industry, a critical sector for the Egyptian economy, by providing relief to struggling businesses and facilitating debt repayment.
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remediation
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