2017-06-22

A circular dated June 22, 2017 regarding extending the work period for the retail loans initiative for workers in the tourism sector

In a letter dated June 22, 2017, the Central Bank of Egypt announces an extension of the retail loans initiative for workers in the tourism sector until the end of December 2017. During this period, banks are allowed to postpone loan maturities for regular customers in the tourism sector for up to six months without charging late interest. The letter also mentions that customers who have previously benefited from the initiative can still request a postponement of their loan maturities.

Egypt

Central Bank of Egypt

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