{"id":601205,"date":"2019-02-21T03:50:10","date_gmt":"2019-02-21T03:50:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/"},"modified":"2019-02-21T03:50:10","modified_gmt":"2019-02-21T03:50:10","slug":"central-bank-of-egypt-studies-licenses-for-sme-focused-lenders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/","title":{"rendered":"Central Bank of Egypt studies licenses for SME-focused lenders"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>CBE studies licenses for SME-focused lenders:<\/b> The Central Bank of Egypt (CBE) is mulling issuing licenses for new institutions specialized in SME financing, Governor Tarek Amer announced, <a href=\"https:\/\/www.cnbcarabia.com\/news\/view\/50334\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D9%8A%D8%AF%D8%B1%D8%B3-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%A8%D9%86%D9%88%D9%83-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%85%D8%AA%D8%AE%D8%B5%D8%B5%D8%A9-%D9%81%D9%8A-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%BA%D9%8A%D8%B1%D8%A9-%D9%88%D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%B3%D8%B7%D8%A9.html\">according to CNBC Arabia<\/a>. The institutions, known as \u201ctier 2\u201d lenders, are non-banking financial service providers. Amer\u2019s announcement came days after the IMF released a <a href=\"https:\/\/ent.news\/2019\/2\/68.pdf\">research paper (pdf)<\/a> on bringing SMEs into the formal banking system in the Middle East and Central Asia. IMF director for the area Jihad Azour stressed during a seminar at the American University in Cairo <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/13\/egypt-has-the-makings-of-a-booming-fintech-industry-says-imf\/\">last week<\/a> that startups and SMEs account for 50% of the area\u2019s labor force yet attract just 7% of overall banking sector lending.<\/p>\n<p><b>There is potential for such a drive to do much more for SMEs<\/b> if licensing the new lenders eventually leads to a legislative framework to accommodate new tools, the European Bank for Reconstruction and Development\u2019s Regional Principal Manager for SMEs Reem El Saady said, according to CNBC. Tools like crowdfunding or peer-to-peer lending could be introduced through unified e-platforms, and eventually culminate in the creation of a central coordinating agency for national SME development programs, akin to <a href=\"http:\/\/smecorp.gov.my\/index.php\/en\/about\/2015-12-21-08-49-11\/about-sme-corp-malaysia\">SME Corp Malaysia<\/a>, El Saady added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBE studies licenses for SME-focused lenders: The Central Bank of Egypt (CBE) is mulling issuing licenses for new institutions specialized in SME financing, Governor Tarek Amer announced, according to CNBC Arabia. The institutions, known as \u201ctier 2\u201d lenders, are non-banking financial service providers. Amer\u2019s announcement came days after the IMF released a research paper (pdf) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":601206,"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":[204,72,203,7087,287,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-banking","tag-enterpriseam","tag-entrepreneurship","tag-finance","tag-smes","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"784f67b1-f143-4f30-b4af-cf5fb4f50d41","is_powered_by":true,"section_story_id":"2e44fa9f-b778-471a-b8b1-25184c996a2a","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/3\/345.jpg","photo_position":"above","related_issue":[601193],"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>Central Bank of Egypt studies licenses for SME-focused lenders - 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\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/\" \/>\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 studies licenses for SME-focused lenders\" \/>\n<meta property=\"og:description\" content=\"CBE studies licenses for SME-focused lenders: The Central Bank of Egypt (CBE) is mulling issuing licenses for new institutions specialized in SME financing, Governor Tarek Amer announced, according to CNBC Arabia. 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Amer\u2019s announcement came days after the IMF released a research paper (pdf) [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-21T03:50:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/345.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\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Central Bank of Egypt studies licenses for SME-focused lenders\",\"datePublished\":\"2019-02-21T03:50:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/\"},\"wordCount\":202,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/345.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"EnterpriseAM\",\"entrepreneurship\",\"Finance\",\"SMEs\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/\",\"name\":\"Central Bank of Egypt studies licenses for SME-focused lenders - 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The report claims the celebrity bn\u2019aire spoke with CBE Governor Tarek Amer about creating a class of tier-two lender\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":598695,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egypt-just-got-its-first-licensed-sme-focused-lender\/","url_meta":{"origin":601205,"position":1},"title":"Egypt just got its first licensed SME-focused lender","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"Egypt just got its first licensed SME-focused lender: UK-based development finance institution CDC Group has been granted a license from the Central Bank of Egypt (CBE) to act as a \u201ctier two\u201d lender in Egypt, according to a statement. CDC will offer as much as USD 200 mn to Egyptian\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":597965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-fra-mulls-licensing-companies-and-intermediaries-to-act-as-sme-lenders\/","url_meta":{"origin":601205,"position":2},"title":"Egypt\u2019s FRA mulls licensing companies and intermediaries to act as SME lenders","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) is studying issuing licenses to allow companies and financial intermediaries to extend loans to SMEs, FRA boss Mohamed Omran told MENA, according to AMAY. The move comes as part of the authority\u2019s 2018-2022 strategy to promote financial inclusion through offering more diversified non-banking financial services.\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569787,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/major-international-bank-seeks-entry-into-egypt\/","url_meta":{"origin":601205,"position":3},"title":"Major international bank seeks entry into Egypt","author":"enterpriseam admin","date":"8 March 2020","format":false,"excerpt":"Major international bank seeks entry into Egypt: An unnamed \u201cmajor\u201d international bank has approached the Central Bank of Egypt (CBE) to acquire a banking license, Deputy Governor Gamal Negm said on the sidelines of an ongoing forum held by the Union of Arab Banks in Hurghada, according to Al Masry\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\/2020\/3\/85.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575952,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/04\/new-regulatory-framework-for-sme-lenders-announced\/","url_meta":{"origin":601205,"position":4},"title":"New regulatory framework for SME lenders announced","author":"enterpriseam admin","date":"4 November 2020","format":false,"excerpt":"REGULATION WATCH- SME lenders will need to be set up as joint-stock companies with a minimum capital of EGP 30 mn under a regulatory framework set out by the Financial Regulatory Authority (FRA) yesterday (pdf). Any company seeking an SME lending license must be at least 50% owned by juridical\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":600013,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/16\/central-bank-of-egypt-excludes-retailers-from-egp-200-bn-sme-financing-initiative\/","url_meta":{"origin":601205,"position":5},"title":"Central Bank of Egypt excludes retailers from EGP 200 bn SME financing initiative","author":"enterpriseam admin","date":"16 January 2019","format":false,"excerpt":"The Central Bank of Egypt (CBE) has excluded retail-focused SMEs from its facilitated financing initiative in a bid to reroute funding to the service, agriculture, and manufacturing sectors, banking sources told Mubasher. Retailing SMEs currently account for the lion\u2019s share of the initiative\u2019s borrowers. The CBE\u2019s initiative, launched in 2016,\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"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\/601205","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=601205"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601205\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/601206"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601205"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601205"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}