{"id":560314,"date":"2021-02-23T04:28:46","date_gmt":"2021-02-23T04:28:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/23\/msmes-will-have-an-easier-time-getting-bank-finance-thanks-to-the-cbe\/"},"modified":"2021-02-23T04:28:46","modified_gmt":"2021-02-23T04:28:46","slug":"msmes-will-have-an-easier-time-getting-bank-finance-thanks-to-the-cbe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/23\/msmes-will-have-an-easier-time-getting-bank-finance-thanks-to-the-cbe\/","title":{"rendered":"MSMEs will have an easier time getting bank finance, thanks to the CBE"},"content":{"rendered":"

<\/a> SMART POLICY-<\/strong> Banks are now required to increase micro, small, and medium enterprises\u2019 share of their loan portfolios<\/strong> by five percentage points to 25%, under a Central Bank of Egypt (CBE) directive (pdf)<\/a>. The move is expected to translate into an extra EGP 117 bn in funding for 120k MSMEs by the end of 2022, the CBE said. Small enterprises alone will be allocated 10% of banks\u2019 lending portfolios \u2014 or around EGP 55 bn. Banks will be required to set a plan to achieve these levels of funding distribution, and report their progress on a quarterly basis. The directive is part of the CBE\u2019s financial inclusion strategy<\/a>, launched in 2019, which outlines SME support as one of its key pillars.<\/p>\n

MSMEs\u2019 credit scores will also be evaluated and assigned using behavioral scoring models, rather than financial statements<\/strong>, under the CBE\u2019s instructions. Banks will be required to devise their own behavioral scoring system<\/a>, which should factor in risk, be adaptable to businesses providing different products and services, and be reviewed regularly. This model can only be used for businesses whose total annual sales are less than EGP 20 mn. Loans should also only be provided in EGP.<\/p>\n

OTHER REGULATORY CHANGES FOR LENDING TO MSMEs:<\/strong> The CBE also decided to up the relative risk weight of banks\u2019 investments in funds of funds and SME-focused funds to 20% from 0%, Hapi Journal<\/a> reports. Under the new regulations, banks will only be allowed to invest up to 10% of their capital in a single fund. In the event that limit is exceeded, the excess must be deducted from its Tier 1 capital when calculating its capital adequacy ratio. Banks\u2019 investments in SME-focused equity funds count toward fulfilling their quota of SME support, according to a 2019 decision<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

SMART POLICY- Banks are now required to increase micro, small, and medium enterprises\u2019 share of their loan portfolios by five percentage points to 25%, under a Central Bank of Egypt (CBE) directive (pdf). The move is expected to translate into an extra EGP 117 bn in funding for 120k MSMEs by the end of 2022, […]<\/p>\n","protected":false},"author":1,"featured_media":560315,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8114],"tags":[72,100,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smes","tag-enterpriseam","tag-policy","tag-smes","wpautop","entry"],"acf":{"mongo_id":"d7420e90-5525-412d-b387-055a9c82e644","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/335.jpg","photo_position":"above","related_issue":[560303],"teaser":"","voice_url":""},"yoast_head":"\nMSMEs will have an easier time getting bank finance, thanks to the CBE - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/23\/msmes-will-have-an-easier-time-getting-bank-finance-thanks-to-the-cbe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MSMEs will have an easier time getting bank finance, thanks to the CBE\" \/>\n<meta property=\"og:description\" content=\"SMART POLICY- Banks are now required to increase micro, small, and medium enterprises\u2019 share of their loan portfolios by five percentage points to 25%, under a Central Bank of Egypt (CBE) directive (pdf). 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The\u2026","rel":"","context":"In "SMALL BUSINESS"","block_context":{"text":"SMALL BUSINESS","link":"https:\/\/enterpriseam.com\/egypt\/category\/small-business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572267,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/17\/central-bank-of-egypt-approves-soft-loans-to-small-farms-under-sme-initiative\/","url_meta":{"origin":560314,"position":4},"title":"Central Bank of Egypt approves soft loans to small farms under SME initiative","author":"enterpriseam admin","date":"17 June 2020","format":false,"excerpt":"CBE approves soft loans to small farms under SME initiative: The Central Bank of Egypt (CBE) has greenlit a request from the agriculture minister to allow small-scale growers and livestock breeders access to the SMEs lending initiative, cabinet said in a statement. The approval allows commercial banks to receive loan\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567104,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/cbe-ends-egp-5-bn-medium-sized-business-initiative\/","url_meta":{"origin":560314,"position":5},"title":"CBE ends EGP 5 bn medium-sized business initiative","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"CBE ends EGP 5 bn medium-sized business initiative: The Central Bank of Egypt has issued a statement (pdf) instructing banks to stop giving out new subsidized loans to medium-sized industrial, agricultural and renewable energy firms under its EGP 5 bn finance initiative. The initiative has fulfilled its objectives and the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560314"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560314\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/560315"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560314"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560314"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}