Announcement
12 Dec 2019
In December 2019, the Central Bank of Egypt (CBE) launched EGP 100 billion subsidized loans to encourage banks to lend private sector.
Update:
In June 2020, the Central Bank of Egypt (CBE) includes SMEs to in the EGP 100 billion initiative to support the private sector.
Source
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
12 Dec 2019
Revocation date:
No revocation date
Announced: 12 Dec 2019
Lending support
In force
On 12 December 2019, the Central Bank of Egypt (CBE) launched EGP 100 billion (approx. USD 6.2 billion) initiative with a lower interest rate of 10% to encourage banks to lend SMEs. Loans will be gran...
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