{"id":634114,"date":"2018-01-04T04:05:14","date_gmt":"2018-01-04T04:05:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/"},"modified":"2018-01-04T04:05:14","modified_gmt":"2018-01-04T04:05:14","slug":"cbe-to-provide-egp-2-bn-assurance-for-sme-financing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/","title":{"rendered":"CBE to provide EGP 2 bn assurance for SME financing"},"content":{"rendered":"<p>The Central Bank of Egypt\u2019s board of directors agreed to provide the Credit Guarantee Company (CGC) with a EGP 2 bn assurance for SME financing, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1240337\">Al Masry Al Youm reports<\/a>. In exchange, CGC will issue assurances to banks offering funding for SME projects to cover the associated risks. CBE Governor <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/10\/breaking-down-trade-barriers-backing-loans-for-smes-encouraging-boldness-in-bureaucrats-and-more-at-the-africa-2017-conference\/\">Tarek Amer had announced<\/a> the CBE\u2019s intention to begin handing out these assurances in December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Egypt\u2019s board of directors agreed to provide the Credit Guarantee Company (CGC) with a EGP 2 bn assurance for SME financing, Al Masry Al Youm reports. In exchange, CGC will issue assurances to banks offering funding for SME projects to cover the associated risks. CBE Governor Tarek Amer had announced the [&hellip;]<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634114","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"4cfd4da2-3d5e-4b7b-a03e-79c136147641","order":"0","is_powered_by":true,"section_story_id":"35687870-1d39-4937-b69f-fe05d6490a0a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634080],"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 provide EGP 2 bn assurance for SME financing - 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\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE to provide EGP 2 bn assurance for SME financing\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Egypt\u2019s board of directors agreed to provide the Credit Guarantee Company (CGC) with a EGP 2 bn assurance for SME financing, Al Masry Al Youm reports. In exchange, CGC will issue assurances to banks offering funding for SME projects to cover the associated risks. CBE Governor Tarek Amer had announced the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-04T04:05:14+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE to provide EGP 2 bn assurance for SME financing\",\"datePublished\":\"2018-01-04T04:05:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/\",\"name\":\"CBE to provide EGP 2 bn assurance for SME financing - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-01-04T04:05:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE to provide EGP 2 bn assurance for SME financing\"}]},{\"@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 to provide EGP 2 bn assurance for SME financing - 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\/01\/04\/cbe-to-provide-egp-2-bn-assurance-for-sme-financing\/","og_locale":"en_US","og_type":"article","og_title":"CBE to provide EGP 2 bn assurance for SME financing","og_description":"The Central Bank of Egypt\u2019s board of directors agreed to provide the Credit Guarantee Company (CGC) with a EGP 2 bn assurance for SME financing, Al Masry Al Youm reports. 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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":[]},{"id":575322,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/12\/egypts-beltone-sme-to-launch-egp-1-bn-investment-fund-in-2021\/","url_meta":{"origin":634114,"position":1},"title":"Egypt\u2019s Beltone SME to launch EGP 1 bn investment fund in 2021","author":"enterpriseam admin","date":"12 October 2020","format":false,"excerpt":"Beltone SME will launch a EGP 1 bn investment fund by the end of 2021, Beltone Financial Holding CEO Ibrahim Karam told Al Mal. The fund will spend the next year lining up commitments from investors and has already logged interest from both local and international institutions, Karam said. 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