2020-06-17

Added 2024-09-20 · Updated 2026-08-02

Circular dated June 18, 2020 regarding the listing of newly established medium-sized companies and small companies affiliated with large entities with an 8% initiative

The Central Bank of Egypt expands the eligibility for the 100 billion EGP, 8% interest rate financing initiative to include newly established companies classified as medium-sized based on paid-up capital until financial statements are available, and to small companies affiliated with large entities or high-creditworthiness clients. This expansion applies to companies operating in the private industrial, agricultural, and contracting sectors with annual revenues of at least 50 million EGP. Banks are instructed to implement these changes effective immediately.

Egypt

Central Bank of Egypt

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