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CBE Credit Guarantee Company Will Guarantee Loans By Banks Under EGP 100bn Stimulus Program

29/06/2020

The Central Bank of Egypt (CBE) has launched a new initiative to hedge against part of the risk associated with bank lending under its EGP 100bn initiative to extend low-interest loans to industrial, agricultural, and construction firms. The bank said in a circular that EGP 7bn will be set aside for its recently formed Credit Guarantee Company, expanding the scope of the company to guarantee loans to larger companies alongside its current focus on SMEs. (Enterprise)

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