{"id":569420,"date":"2020-02-24T04:43:34","date_gmt":"2020-02-24T04:43:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/"},"modified":"2020-02-24T04:43:34","modified_gmt":"2020-02-24T04:43:34","slug":"central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/","title":{"rendered":"Central Bank of Egypt amends its initiative to ease debt relief procedures"},"content":{"rendered":"

<\/a> CBE eases debt repayment terms for financially distressed companies:<\/strong> The Central Bank of Egypt (CBE) will renegotiate debt repayment terms with individual companies seeking help through its initiative to support financially distressed firms, according to an official release (pdf)<\/a>. The CBE is scrapping a condition under the initiative requiring companies to pay 20% of their debts before June and 50% before the end of 2020, and will agree new repayment periods with each company according to its financial situation. \"Discussions [with banks and companies] revealed that customers need to adjust payment periods and rates in order to properly save them from defaulting,\" the CBE said.<\/p>\n

Financial leasing and factoring companies send a list of defaulters for CBE aid:<\/strong> Fifty-four leasing and factoring companies have sent data of their troubled clients to the Financial Regulatory Authority (FRA) and the CBE to seek debt relief help, Egyptian Factoring Association Chairman Gamal Muharram told Al Mal<\/a>. An FRA committee is looking to pen criteria for choosing the customers who have defaulted for reasons beyond their control, excluding mismanagement, to help them recover by seeking help from the banking sector by including them in CBE's initiative to reschedule debt.<\/p>\n

Background:<\/strong> The CBE had launched an initiative in December<\/a> to exempt nearly 5.2k factories from accrued interest payments halt legal action<\/a> against struggling factories to help boost medium sized domestic manufacturing. Since then, the CBE has waived EGP 48.5 bn-worth of debt<\/a> and interest payments and tens of companies have submitted applications to receive this aid. The FRA had set up last month<\/a> a committee to assess how non-banking financial services companies can be brought into the initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBE eases debt repayment terms for financially distressed companies: The Central Bank of Egypt (CBE) will renegotiate debt repayment terms with individual companies seeking help through its initiative to support financially distressed firms, according to an official release (pdf). The CBE is scrapping a condition under the initiative requiring companies to pay 20% of their […]<\/p>\n","protected":false},"author":1,"featured_media":569421,"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":[8572],"tags":[7106,4649,72,76,4650,287,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-debt","tag-defaulting","tag-enterpriseam","tag-financial-regulatory-authority","tag-repayment","tag-smes","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"afc82872-b339-4319-9df4-80dad8611760","is_powered_by":true,"section_story_id":"ffa4dfcf-1155-4725-8c1c-c8eaf44cd354","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/2\/299.jpg","photo_position":"above","related_issue":[569405],"teaser":"","voice_url":""},"yoast_head":"\nCentral Bank of Egypt amends its initiative to ease debt relief procedures - 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\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank of Egypt amends its initiative to ease debt relief procedures\" \/>\n<meta property=\"og:description\" content=\"CBE eases debt repayment terms for financially distressed companies: The Central Bank of Egypt (CBE) will renegotiate debt repayment terms with individual companies seeking help through its initiative to support financially distressed firms, according to an official release (pdf). The CBE is scrapping a condition under the initiative requiring companies to pay 20% of their […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-24T04:43:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Central Bank of Egypt amends its initiative to ease debt relief procedures\",\"datePublished\":\"2020-02-24T04:43:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/\"},\"wordCount\":282,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"Defaulting\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"Repayment\",\"SMEs\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/\",\"name\":\"Central Bank of Egypt amends its initiative to ease debt relief procedures - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-02-24T04:43:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Central Bank of Egypt amends its initiative to ease debt relief procedures\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Central Bank of Egypt amends its initiative to ease debt relief procedures - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/","og_locale":"en_US","og_type":"article","og_title":"Central Bank of Egypt amends its initiative to ease debt relief procedures","og_description":"CBE eases debt repayment terms for financially distressed companies: The Central Bank of Egypt (CBE) will renegotiate debt repayment terms with individual companies seeking help through its initiative to support financially distressed firms, according to an official release (pdf). The CBE is scrapping a condition under the initiative requiring companies to pay 20% of their […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-02-24T04:43:34+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Central Bank of Egypt amends its initiative to ease debt relief procedures","datePublished":"2020-02-24T04:43:34+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/"},"wordCount":282,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1","keywords":["debt","Defaulting","EnterpriseAM","Financial Regulatory Authority","Repayment","SMEs","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/","name":"Central Bank of Egypt amends its initiative to ease debt relief procedures - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1","datePublished":"2020-02-24T04:43:34+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/central-bank-of-egypt-amends-its-initiative-to-ease-debt-relief-procedures\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Central Bank of Egypt amends its initiative to ease debt relief procedures"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/299.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":569743,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/05\/cbe-writes-off-egp-17-4-bn-in-debt-for-financially-distressed-firms\/","url_meta":{"origin":569420,"position":0},"title":"CBE writes off EGP 17.4 bn in debt for financially distressed firms","author":"enterpriseam admin","date":"5 March 2020","format":false,"excerpt":"CBE writes off EGP 17.4 bn in debt for financially distressed firms: More than 200 companies have had a portion of their debts written off by the Central Bank of Egypt (CBE), Deputy Governor Gamal Negm said, according to Masrawy. Speaking after the Nile Pioneers Initiative yesterday, Negm said 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":[]},{"id":567434,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/fra-sets-up-committee-of-nbfs-to-participate-in-cbes-initiative-to-rehabilitate-financially-troubled-clients\/","url_meta":{"origin":569420,"position":1},"title":"FRA sets up committee of NBFs to participate in CBE\u2019s initiative to rehabilitate financially troubled clients","author":"enterpriseam admin","date":"22 January 2020","format":false,"excerpt":"FRA to bring NBFS firms on board with CBE corporate debt forgiveness initiative: The Financial Regulatory Authority (FRA) is forming a committee to assess how non-banking financial services companies can be brought into the Central Bank of Egypt\u2019s initiative to support financially-distressed companies, the regulator said in a statement. 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\/2020\/1\/671.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558972,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/some-folks-just-got-a-breather-from-cbe\/","url_meta":{"origin":569420,"position":2},"title":"Some folks just got a breather from CBE","author":"enterpriseam admin","date":"4 January 2021","format":false,"excerpt":"Banks will continue to support businesses at risk of default for another six months: The Central Bank of Egypt (CBE) has extended until 30 June two debt relief initiatives launched in late 2019 and early last year to waive marginal interest on debt owed by distressed companies and tourism businesses,\u2026","rel":"","context":"In "Policy"","block_context":{"text":"Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570094,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/18\/central-bank-of-egypt-issues-new-debt-relief-initiative-for-individuals\/","url_meta":{"origin":569420,"position":3},"title":"Central Bank of Egypt issues new debt relief initiative for individuals","author":"enterpriseam admin","date":"18 March 2020","format":false,"excerpt":"CBE offers new debt relief initiative for individual borrowers: The Central Bank of Egypt (CBE) on Monday launched a new debt relief initiative for individuals at risk of default that will waive marginal interest on debt under EGP 1 mn, according to an official statement. Eligible customers will have to\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":600854,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/","url_meta":{"origin":569420,"position":4},"title":"CBE to relaunch its EGP 16.8 bn debt relief program","author":"enterpriseam admin","date":"12 February 2019","format":false,"excerpt":"The CBE is looking likely to relaunch its EGP 16.8 bn debt relief program by no later than April, sources familiar with the matter said, according to Al Mal. The program was launched by the central bank between June-December 2018 and was designed have state-owned banks waive EGP 16.8 bn-worth\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\/2018\/11\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567812,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/tourism-companies-workers-get-another-helping-hand\/","url_meta":{"origin":569420,"position":5},"title":"Tourism companies, workers get another helping hand","author":"enterpriseam admin","date":"8 December 2020","format":false,"excerpt":"The tourism industry will continue to get a helping hand from the Central Bank of Egypt (CBE) after the bank granted tourism companies debt repayment holidays and more room to take out operating loans, according to two separate CBE circulars (here and here \u2014 pdfs). A grace period for all\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569420","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=569420"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569420\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/569421"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569420"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569420"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}