Regulatory Alerts2020-01-02
Added · Updated
Circular dated December 31, 2019 following the private industrial sector initiative issued on December 12, 2019
The Central Bank of Egypt clarifies that the EGP 100 billion initiative for private industrial companies with annual revenues between EGP 50 million and EGP 1 billion must be directed toward credit facilities for purchasing raw materials, production supplies, and capital financing for machinery or production lines. Non-compliant customers may participate if they adhere to the repayment conditions set forth in the separate circular issued on December 12, 2019, subject to individual credit assessments by banks.
Topics
monetary
credit
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