Regulatory Alerts2024-04-08 | CBE10.2Added · Updated
CBE Regulation Book 10.2 - The Private, Industrial, Agricultural, And Contracting Sector Initiative
The Central Bank of Egypt regulates financing initiatives for the private industrial, agricultural, and contracting sectors, including a 2015 initiative for SMEs with a 5% margin cap and a 2019 initiative offering 8% interest rates with a 100 billion EGP limit. A 2024 amendment adjusted credit limits to 150 billion EGP and extended the initiative's scope to cover raw materials and salaries. Additionally, a guarantee initiative by Takaful Misr provides a 7 billion EGP commitment to cover risk weights for large enterprise financing, requiring banks to submit periodic data to the CBE.
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credit
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