2012-05-10

Dealing with retail and institutional loans in the post-revolution period

The Central Bank of Egypt is supporting the banking sector to mitigate the impact of the current crisis on banks' performance and creditworthiness. The Bank's decision of April 12, 2011, addresses the treatment of retail and institutional loans during this challenging period. For retail loans, the Bank allows a three-month grace period for regular customers with consumer loans and waives late payment fees. For institutional loans, the Bank advises banks to develop a mechanism to manage the crisis's impact on loan portfolio quality, profitability, and liquidity.

Egypt

Central Bank of Egypt

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