2024-01-18

A circular dated January 18, 2024 regarding extending the target percentages for companies and micro, small, and medium enterprises until December 31, 2024.

In a letter dated January 18, 2024, the Egyptian Central Bank's Board of Directors approved an extension of the mandatory lending requirements for banks to increase their loan portfolios for micro, small, and medium-sized enterprises. The extension will last for one additional year, ending on December 31, 2024. Banks are also granted full freedom to obtain appropriate guarantees for credit facilities granted, including taking post-dated checks if necessary.

Egypt

Central Bank of Egypt

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