2016-06-08

Added 2024-09-20 · Updated 2026-08-02

Circular dated June 8, 2016 regarding the detailed memorandum on the initiative for medium-sized companies operating in the fields of industry and agriculture

The Central Bank of Egypt mandates banks to provide medium-term and long-term financing at reduced interest rates to regular medium-sized industrial and agricultural companies, with a maximum limit of 20 million Egyptian pounds per company per bank. Banks must establish an internal control system, use a dedicated Management Information System (MIS), and ensure funds are used strictly for the approved purpose, prohibiting their use for linking deposits or savings. The initiative requires monthly reporting of repayment schedules and treasury bills, with automatic quarterly deductions from bank accounts and specific interest rate margins between the Central Bank and end customers.

Egypt

Central Bank of Egypt

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