Central Bank of Egypt could still be looking into extending debt relief program

CBE still considering extending the debt relief program? The CBE is reportedly still considering extending its EGP 16.8 bn debt relief program, sources told Al Mal. In a conflicting report earlier this week, banking sources had claimed the CBE was not considering the extension. The central bank launched an initiative last June to offer interest relief to corporate and individual borrowers struggling with non-performing loans at nine state-owned banks.