2018-03-25

A circular dated March 25, 2018 regarding the exhaustion of the amount available for the working capital financing initiative for medium-sized companies at a return rate of 12%

On March 25, 2018, a letter was sent to the Chairman of the Board of Directors of a bank in Cairo, Egypt, regarding a previous initiative by the Central Bank to provide 10 billion Egyptian pounds at a 12% return to medium-sized companies for short-term credit facilities. The letter states that due to the success of the initiative and the exhaustion of the allocated funds, no new funding will be granted as of that date.

Egypt

Central Bank of Egypt

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