{"id":628884,"date":"2018-05-16T04:12:02","date_gmt":"2018-05-16T04:12:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/cbe-to-launch-sweeping-debt-relief-program-for-businesses-with-non-performing-loans\/"},"modified":"2018-05-16T04:12:02","modified_gmt":"2018-05-16T04:12:02","slug":"cbe-to-launch-sweeping-debt-relief-program-for-businesses-with-non-performing-loans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/cbe-to-launch-sweeping-debt-relief-program-for-businesses-with-non-performing-loans\/","title":{"rendered":"CBE to launch sweeping debt-relief program for businesses with non-performing loans?"},"content":{"rendered":"

<\/a> CBE to launch sweeping debt-relief program for businesses with non-performing loans?<\/strong> The central bank is reportedly about to launch an initiative that would see as many as 107k businesses forgiven interest payments, late charges and lawsuits over loans they are unable to repay, CBE Governor Tarek Amer tells Al Mal<\/a>. Those eligible for the initiative will have to pay down the principal amount of the loan before they are eligible for interest relief and the forgiveness of charges, according to Amer. Some 5,000 factories, 27,000 clients of the Agricultural Bank of Egypt, and around 75,000 clients of other banks may be eligible for the program, according to Amer. Amer did not disclose the overall price tag of the initiative or how one becomes eligible for it<\/strong>. The initiative was meant to be launched this week, Amer had said previously<\/a>, but several banks have expressed their interest in participating in the initiative, leading to the postponement of the launch until next week, according to CBE Sub-Governor Gamal Negm.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBE to launch sweeping debt-relief program for businesses with non-performing loans? The central bank is reportedly about to launch an initiative that would see as many as 107k businesses forgiven interest payments, late charges and lawsuits over loans they are unable to repay, CBE Governor Tarek Amer tells Al Mal. Those eligible for the initiative […]<\/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-628884","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a81b6738-5126-4cc0-80f2-1a27c63adb0c","order":"0","is_powered_by":true,"section_story_id":"7a347530-8cd7-4043-80cf-e9698fd28e26","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628875],"teaser":"","voice_url":""},"yoast_head":"\nCBE to launch sweeping debt-relief program for businesses with non-performing loans? - 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\/05\/16\/cbe-to-launch-sweeping-debt-relief-program-for-businesses-with-non-performing-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE to launch sweeping debt-relief program for businesses with non-performing loans?\" \/>\n<meta property=\"og:description\" content=\"CBE to launch sweeping debt-relief program for businesses with non-performing loans? The central bank is reportedly about to launch an initiative that would see as many as 107k businesses forgiven interest payments, late charges and lawsuits over loans they are unable to repay, CBE Governor Tarek Amer tells Al Mal. 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The central bank is reportedly about to launch an initiative that would see as many as 107k businesses forgiven interest payments, late charges and lawsuits over loans they are unable to repay, CBE Governor Tarek Amer tells Al Mal. 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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":591744,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/16\/cbe-confirms-egp-50-bn-tourism-support-program\/","url_meta":{"origin":628884,"position":2},"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":[]},{"id":570125,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/19\/fra-orders-mortgage-lenders-factoring-and-leasing-companies-to-give-clients-six-month-grace-period\/","url_meta":{"origin":628884,"position":3},"title":"FRA orders mortgage lenders, factoring and leasing companies to give clients six-month grace period","author":"enterpriseam admin","date":"19 March 2020","format":false,"excerpt":"Mortgage lenders, factoring and leasing companies to give clients six-month grace period: The Financial Regulatory Authority has ordered mortgage lenders, factoring and leasing companies to give a six-month grace period to any client who asks. This comes after the Central Bank of Egypt moved to extend the tenor of all\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":570350,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/29\/cbe-expands-industry-stimulus-package-to-agriculture-companies\/","url_meta":{"origin":628884,"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). 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