RegAlertRule · CBE · 30 Jan 2019
Circular dated January 28, 2019 regarding the continuation of the real estate financing initiative for low-income people only
The Central Bank of Egypt extends the deadline for the real estate financing initiative for low-income people by 20 days, from January 28, 2019, to February 17, 2019. Commercial banks are required to comply with this extension and take necessary measures to ensure adherence to the initiative's guidelines.
Cairo, January 28, 2019
Dear Chairman of the Board of Directors,
Greetings,
Following the blessings of God, and in reference to the circular dated February 19, 2014, regarding the real estate financing initiative for low-income people, and the circular dated April 8, 2017, regarding the extension of the period for the initiative for the Central Bank and commercial banks, and the circular dated November 28, 2018, regarding the extension of the period for the initiative for the Central Bank and commercial banks, we inform you that the period for the initiative has been extended by 20 days, from January 28, 2019, to February 17, 2019.
We request you to take the necessary measures to ensure compliance with this extension.
Please accept our highest regards,
Gamal Nagem
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Source: Central Bank of Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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