{"id":605125,"date":"2018-12-23T04:40:13","date_gmt":"2018-12-23T04:40:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program\/"},"modified":"2018-12-23T04:40:13","modified_gmt":"2018-12-23T04:40:13","slug":"central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program\/","title":{"rendered":"Central Bank of Egypt does not intend to extend its EGP 16.8 bn debt relief program"},"content":{"rendered":"

The CBE does not intend to extend its EGP 16.8 bn debt relief program<\/b>, which is scheduled to expire at the end of the month, three banking sources said, according to Masrawy<\/a>. The central bank had launched in June<\/a> the initiative to forgive EGP 16.8 bn-worth of interest payments on non-performing loans held by nine state-owned banks. The program was expected to help around 3,500 businesses with assets less than EGP 10 mn, as well as some 337k individual borrowers, but the banking sources say that the initiative has not proven popular. The Federation of Egyptian Industries had expressed reservations<\/a> about the relief program.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 non-performing loans held by nine […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[204,7106,72,916,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605125","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-debt","tag-enterpriseam","tag-federation-of-egyptian-industries","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9fbab2c7-45c6-4d04-a438-edeca769f541","order":"0","is_powered_by":true,"section_story_id":"4024760b-2891-4716-88f8-7e1c3c2316c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605115],"teaser":"","voice_url":""},"yoast_head":"\nCentral Bank of Egypt does not intend to extend 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\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-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=\"Central Bank of Egypt does not intend to extend its EGP 16.8 bn debt relief program\" \/>\n<meta property=\"og:description\" content=\"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 non-performing loans held by nine […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-23T04:40:13+00:00\" \/>\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\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Central Bank of Egypt does not intend to extend its EGP 16.8 bn debt relief program\",\"datePublished\":\"2018-12-23T04:40:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program\/\"},\"wordCount\":115,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"debt\",\"EnterpriseAM\",\"Federation of Egyptian Industries\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"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\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/central-bank-of-egypt-does-not-intend-to-extend-its-egp-16-8-bn-debt-relief-program\/\",\"name\":\"Central Bank of Egypt does not intend to extend its EGP 16.8 bn debt relief program - 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The program will help around\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":605125,"position":1},"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":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":605125,"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 "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":625332,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-program\/","url_meta":{"origin":605125,"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 "Other Business News of Note"","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":605125,"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 "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":591744,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/16\/cbe-confirms-egp-50-bn-tourism-support-program\/","url_meta":{"origin":605125,"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 "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\/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\/605125","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=605125"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605125\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605115"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605125"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605125"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}