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The Central Bank of Egypt provides a plan to fund Egyptian SMEs with EGP 200 billion

5 years 9 months ago

The Central Bank of Egypt (CBE) obliged Egyptian banks to give out 20% of their total loans portfolio to small and medium enterprises (SMEs). This will provide 350,000 SMEs with EGP 200 billion in four years at 5% interest rate. The CBE's statement included redefining SMEs to include companies that make EGP 50,000 in annual revenues.

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