{"id":628258,"date":"2018-06-28T03:53:21","date_gmt":"2018-06-28T03:53:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/"},"modified":"2018-06-28T03:53:21","modified_gmt":"2018-06-28T03:53:21","slug":"cbe-launches-egp-16-8-bn-debt-relief-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/","title":{"rendered":"CBE launches EGP 16.8 bn debt relief program"},"content":{"rendered":"

<\/a> CBE launches EGP 16.8 bn debt relief program: <\/strong>The central bank has launched a sweeping debt relief initiative that could forgive some EGP 16.8 bn worth of interest payments on non-performing loans held by state-owned banks, according to a CBE statement (pdf)<\/a> issued on Wednesday. The program will help around 3,500 business with assets less than EGP 10 mn, as welll as some 337k individual borrowers, who have taken out loans from nine state banks, including the National Bank of Egypt, Banque Misr, Banque du Caire, and the United Bank, the CBE said. Anyone looking to have interest forgiven has until the end of this year to pay down the principal on the loan that was owed as of December 2017. In return, state banks will drop all outstanding lawsuits, restore any collateral provided by borrowers, and will have domestic credit reporting agency iScore scrub the debtor\u2019s name from its black list. The statement notes that business targeted by the initiative will see a total of EGP 12 bn in relief, while individual borrowers will see some EGP 4.8 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBE launches EGP 16.8 bn debt relief program: The central bank has launched a sweeping debt relief initiative that could forgive some EGP 16.8 bn worth of interest payments on non-performing loans held by state-owned banks, according to a CBE statement (pdf) issued on Wednesday. The program will help around 3,500 business with assets less […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628258","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"810a0e85-c67f-47df-9b68-1f57684d1bfb","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[628252],"teaser":"","voice_url":""},"yoast_head":"\nCBE launches 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\/06\/28\/cbe-launches-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 launches EGP 16.8 bn debt relief program\" \/>\n<meta property=\"og:description\" content=\"CBE launches EGP 16.8 bn debt relief program: The central bank has launched a sweeping debt relief initiative that could forgive some EGP 16.8 bn worth of interest payments on non-performing loans held by state-owned banks, according to a CBE statement (pdf) issued on Wednesday. The program will help around 3,500 business with assets less […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-28T03:53:21+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\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE launches EGP 16.8 bn debt relief program\",\"datePublished\":\"2018-06-28T03:53:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\"},\"wordCount\":181,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\",\"name\":\"CBE launches EGP 16.8 bn debt relief program - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-06-28T03:53:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE launches EGP 16.8 bn debt relief program\"}]},{\"@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":"CBE launches EGP 16.8 bn debt relief program - 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\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/","og_locale":"en_US","og_type":"article","og_title":"CBE launches EGP 16.8 bn debt relief program","og_description":"CBE launches EGP 16.8 bn debt relief program: The central bank has launched a sweeping debt relief initiative that could forgive some EGP 16.8 bn worth of interest payments on non-performing loans held by state-owned banks, according to a CBE statement (pdf) issued on Wednesday. The program will help around 3,500 business with assets less […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-06-28T03:53:21+00:00","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\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CBE launches EGP 16.8 bn debt relief program","datePublished":"2018-06-28T03:53:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/"},"wordCount":181,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/","name":"CBE launches EGP 16.8 bn debt relief program - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-06-28T03:53:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CBE launches EGP 16.8 bn debt relief program"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":600854,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/cbe-to-relaunch-its-egp-16-8-bn-debt-relief-program\/","url_meta":{"origin":628258,"position":0},"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":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":628258,"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 "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":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":628258,"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":628258,"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":570350,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/29\/cbe-expands-industry-stimulus-package-to-agriculture-companies\/","url_meta":{"origin":628258,"position":4},"title":"CBE expands industry stimulus package to agriculture companies","author":"enterpriseam admin","date":"29 March 2020","format":false,"excerpt":"CBE expands industry stimulus package to agriculture companies: The Central Bank of Egypt (CBE) has expanded its EGP 100 bn industry stimulus initiative to include companies in agriculture and agricultural production, including export terminals and packaging plants, according to a statement (pdf). Fish, poultry and livestock companies with annual revenues\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\/3\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572706,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/egyptian-banks-dole-out-egp-69-bn-from-cbes-egp-100-bn-subsidized-loan-initiative\/","url_meta":{"origin":628258,"position":5},"title":"Egyptian banks dole out EGP 69 bn from CBE\u2019s EGP 100 bn subsidized loan initiative","author":"enterpriseam admin","date":"6 July 2020","format":false,"excerpt":"Banks dole out EGP 69 bn to local industry under CBE\u2019s EGP 100 bn subsidized loan initiative: Egyptian banks \u2014 primarily CIB, the National Bank of Egypt, Banque Misr, QNB, and the Export Development Bank \u2014 have handed out EGP 69 bn in loans to over 4k businesses under Central\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\/628258","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=628258"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628258\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628252"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628258"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628258"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}