2020-03-26

A circular dated March 25, 2020 regarding adding companies operating in the agricultural field to benefit from the private industrial sector initiative

On March 25, 2020, the Central Bank of Egypt announced an expansion of its initiative to support private sector companies in the industrial and agricultural sectors. The expansion includes offering financing at an annual interest rate of 8% to companies in the agricultural sector with annual revenues between 50 million and 1 billion Egyptian pounds. This is in addition to the existing initiative from July 12, 2017, offering financing at a reduced interest rate of 5% to small companies in the agricultural sector with annual revenues between 250,000 and 50 million Egyptian pounds.

Egypt

Central Bank of Egypt

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