2016-05-16

- A circular dated May 15, 2016 regarding extending the period of work on the initiative to deal with retail loans for workers in the tourism sector until the end of December 2016.

The Central Bank of Egypt has extended the deadline for tourism employees' loans by six months until the end of December 2016 to enable banks to roll over their instalments for personal housing and mortgage loans according to Article 30 of September 2015. The decision also continues the provisions of the initiative. In addition, a special committee was formed to guarantee loans and issue new foreign currency allocations by the Board of Directors of the Central Bank of Egypt in an extraordinary meeting on May 15, 2016.

Egypt

Central Bank of Egypt

Show thumbnail