{"id":649741,"date":"2017-03-07T04:38:03","date_gmt":"2017-03-07T04:38:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/"},"modified":"2017-03-07T04:38:03","modified_gmt":"2017-03-07T04:38:03","slug":"cbe-issues-amendments-to-smes-lending-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/","title":{"rendered":"CBE issues amendments to SME\u2019s lending initiative"},"content":{"rendered":"<p>The Central Bank of Egypt issued amendments to its EGP 200 bn SMEs lending initiative, allowing renewable energy companies established from February 2016 to benefit from its terms, according to a <a href=\"http:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/Circular-dated-5-March-2017-regarding-amending-some-items-of-the-SMEs-initiatives.aspx\">CBE statement<\/a> issued on Sunday. The amendments also set an interest rate of 5% for lending to micro-enterprises with an annual turnover of EGP 1 mn and small companies with a turnover less than EGP 20 mn. Interest rates for medium-sized businesses have been set at around 12%. Banks will be compensated for the interest rate differential through the waiver of reserve requirements on these balances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Egypt issued amendments to its EGP 200 bn SMEs lending initiative, allowing renewable energy companies established from February 2016 to benefit from its terms, according to a CBE statement issued on Sunday. The amendments also set an interest rate of 5% for lending to micro-enterprises with an annual turnover of EGP [&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-649741","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a1d93bab-5a30-4b02-84f7-e8d7ebd21af7","order":"0","is_powered_by":true,"section_story_id":"44196454-5db3-4c48-a31f-893e1c07ab18","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649701],"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 issues amendments to SME\u2019s lending initiative - 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\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE issues amendments to SME\u2019s lending initiative\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Egypt issued amendments to its EGP 200 bn SMEs lending initiative, allowing renewable energy companies established from February 2016 to benefit from its terms, according to a CBE statement issued on Sunday. The amendments also set an interest rate of 5% for lending to micro-enterprises with an annual turnover of EGP [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-07T04:38:03+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\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE issues amendments to SME\u2019s lending initiative\",\"datePublished\":\"2017-03-07T04:38:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/\"},\"wordCount\":99,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/cbe-issues-amendments-to-smes-lending-initiative\/\",\"name\":\"CBE issues amendments to SME\u2019s lending initiative - 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