{"id":600854,"date":"2019-02-12T03:42:48","date_gmt":"2019-02-12T03:42:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/"},"modified":"2019-02-12T03:42:48","modified_gmt":"2019-02-12T03:42:48","slug":"cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/","title":{"rendered":"CBE to relaunch its EGP 16.8 bn debt relief program"},"content":{"rendered":"<p><b>The CBE is looking likely to relaunch its EGP 16.8 bn debt relief program<\/b> by no later than April, sources familiar with the matter said, <a href=\"https:\/\/www.almalnews.com\/Story\/410611\/12\/%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D8%AA%D8%B1%D8%AC%D8%AD-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%C2%AB%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%89%C2%BB-%D8%A7%D9%84%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D9%84%D9%85%D8%AA%D8%B9%D8%AB%D8%B1%D9%8A%D9%86-%D9%81%D9%89-%D8%A3%D8%A8%D8%B1%D9%8A%D9%84\">according to Al Mal<\/a>. The program was <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\">launched by the central bank<\/a> between June-December 2018 and was designed have state-owned banks waive EGP 16.8 bn-worth of interest payments on non-performing loans provided the struggling borrowers repay their outstanding principal amounts. The CBE targeted an estimated 3.5k companies and 337k individuals in the first phase. It failed, however, to attract the target number of beneficiaries due primarily to its short duration and requiring debtors to make one-time principal repayments. The state-owned banks taking part in the program have suggested a longer duration for the program for this time around, covering credit card customers and providing more flexible principal repayment terms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 of interest payments on non-performing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":600855,"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":[204,7106,72,7087,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-banking","tag-debt","tag-enterpriseam","tag-finance","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f6976cec-d7bc-4eb2-af6e-259167e73c94","is_powered_by":true,"section_story_id":"bfe9a0b2-15c8-4422-a72b-c64c48f86b50","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/11\/1115.jpg","photo_position":"above","related_issue":[600837],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBE to relaunch its EGP 16.8 bn debt relief program - 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\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE to relaunch its EGP 16.8 bn debt relief program\" \/>\n<meta property=\"og:description\" content=\"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 of interest payments on non-performing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-12T03:42:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1115.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\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE to relaunch its EGP 16.8 bn debt relief program\",\"datePublished\":\"2019-02-12T03:42:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/\"},\"wordCount\":140,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1115.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"debt\",\"EnterpriseAM\",\"Finance\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/\",\"name\":\"CBE to relaunch its EGP 16.8 bn debt relief program - 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The program will help around\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":605125,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program\/","url_meta":{"origin":600854,"position":1},"title":"Central Bank of Egypt does not intend to extend its EGP 16.8 bn debt relief program","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"The CBE does not intend to extend its EGP 16.8 bn debt relief program, which is scheduled to expire at the end of the month, three banking sources said, according to Masrawy. The central bank had launched in June the initiative to forgive EGP 16.8 bn-worth of interest payments on\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":605237,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/central-bank-of-egypt-could-still-be-looking-into-extending-debt-relief-program\/","url_meta":{"origin":600854,"position":2},"title":"Central Bank of Egypt could still be looking into extending debt relief program","author":"enterpriseam admin","date":"26 December 2018","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":625332,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-program\/","url_meta":{"origin":600854,"position":3},"title":"FEI expresses reservations about CBE\u2019s EGP 16.8 bn debt relief program","author":"enterpriseam admin","date":"1 August 2018","format":false,"excerpt":"The Federation of Egyptian Industries (FEI) has expressed some reservations about the CBE\u2019s EGP 16.8 bn debt relief program,Al Mal reports. Their chief concerns have to do with implementing the debt relief program. There are no guarantees in the initiative that businesses that will benefit from it will invest in\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"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":600854,"position":4},"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 &quot;Speed Round&quot;","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":591744,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/16\/cbe-confirms-egp-50-bn-tourism-support-program\/","url_meta":{"origin":600854,"position":5},"title":"CBE confirms EGP 50 bn tourism support program","author":"enterpriseam admin","date":"16 December 2019","format":false,"excerpt":"CBE confirms EGP 50 bn tourism support program: The Central Bank of Egypt (CBE) will increase tenfold the funding it has made available to support the tourism industry to to EGP 50 bn, allowing more companies in the sector to access soft loans to renovate and upgrade tourism infrastructure, the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.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\/600854","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=600854"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600854\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/600855"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600854"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600854"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}