{"id":684623,"date":"2026-01-28T00:00:00","date_gmt":"2026-01-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/"},"modified":"2026-01-28T00:00:00","modified_gmt":"2026-01-28T00:00:00","slug":"central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/","title":{"rendered":"Central Bank of Egypt cuts SME default grace period to 90 days"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The<\/strong><strong> Central Bank <\/strong><strong>of Egypt<\/strong><strong> has instructed local banks <\/strong><strong>to shorten the grace period for SME loan repayments before classifying them as non-performing loans (NPLs)<\/strong>, banking insiders tell EnterpriseAM. Effective this month, SMEs will be downgraded to \u201cdefault\u201d status after 90 days of non-payment, down from the previous 120-day threshold, our sources tell us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this is important: <\/strong>The move is designed to insulate the industry against credit risks. By forcing earlier recognition of defaults, the CBE ensures banks maintain healthier balance sheets and adequate provisions. \u201cThe more a bank hedges early on, the better its financial position. A bank that covers NPLs with sufficient provisions enjoys financial strength that protects depositors,\u201d former Industrial Development Bank Chairman Maged Fahmy tells EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The latest move is part of the final phase of the CBE\u2019s roadmap to implement the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/06\/cbe-instructs-local-banks-to-comply-with-new-intl-reporting-standards\/\" style=\"\" rel=\"noopener\">International Financial Reporting Standard<\/a><\/strong><strong> (IFRS 9)<\/strong>, first rolled out in February 2019 to tighten precautionary oversight, EG Bank Board Member Mohamed Abdel Aal tells EnterpriseAM. To support the SME sector, the CBE postponed the full implementation of these rules in FY 2020-21 due to the economic fallout of the Covid-19 pandemic. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The decision to reduce to 90 days \u201cwas not a surprise, it was implemented in gradual <\/strong><strong>phases over the recent period to support SMEs,\u201d <\/strong>a government source in the SME sector tells EnterpriseAM. The move follows a cut to 120 days in June last year from a cut to 150 days in June the year before that following the end of the pandemic-linked implementation delay.<\/p>\n\n<p class=\"tag-border-left\">The potential impact on clients<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increased scrutiny:<\/strong> The decision will force banks to be more selective, activating risk management systems to choose \u201cserious\u201d borrowers and avoid a spike in bad debt, our government source tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Closing loopholes:<\/strong> Under the previous, longer grace periods, some irregular clients were able to secure new facilities from other banks before their default appeared on records. \u201cThe rapid credit rating classification will now close those doors to defaulting clients,\u201d Fahmy added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there are some benefits for clients:<\/strong> Despite the tighter rules, banks are still mandated by the CBE to offer technical and financial support to borrowers who have defaulted or are irregular borrowers whose payment delays exceed 90 days. \u201cThis is done by opening negotiation channels and studying financial positions to restructure facilities based on realistic repayment capabilities,\u201d Abdel Aal explained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decision came into effect this month<\/p>\n","protected":false},"author":1,"featured_media":684624,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7350],"tags":[204,271,7106,72,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-684623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-banking","tag-central-bank-of-egypt","tag-debt","tag-enterpriseam","tag-smes","wpautop","entry"],"acf":{"mongo_id":"a8bbe8df-f594-4902-b764-bc5af625d1d9","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/1147.jpg","photo_position":"above","homepage_title":"","full_issue_title":"CBE cuts SME default grace period to 90 days","related_issue":[684609],"teaser":"The decision came into effect this month"},"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>Central Bank of Egypt cuts SME default grace period to 90 days - 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\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/\" \/>\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 cuts SME default grace period to 90 days\" \/>\n<meta property=\"og:description\" content=\"The decision came into effect this month\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Central Bank of Egypt cuts SME default grace period to 90 days\",\"datePublished\":\"2026-01-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/\"},\"wordCount\":396,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"Central Bank of Egypt\",\"debt\",\"EnterpriseAM\",\"SMEs\"],\"articleSection\":[\"Banking\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/\",\"name\":\"Central Bank of Egypt cuts SME default grace period to 90 days - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-01-28T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Central Bank of Egypt cuts SME default grace period to 90 days\"}]},{\"@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":"Central Bank of Egypt cuts SME default grace period to 90 days - 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\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/","og_locale":"en_US","og_type":"article","og_title":"Central Bank of Egypt cuts SME default grace period to 90 days","og_description":"The decision came into effect this month","og_url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2026-01-28T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Central Bank of Egypt cuts SME default grace period to 90 days","datePublished":"2026-01-28T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/"},"wordCount":396,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1","keywords":["banking","Central Bank of Egypt","debt","EnterpriseAM","SMEs"],"articleSection":["Banking"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/","url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/","name":"Central Bank of Egypt cuts SME default grace period to 90 days - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1","datePublished":"2026-01-28T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/28\/central-bank-of-egypt-cuts-sme-default-grace-period-to-90-days\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Central Bank of Egypt cuts SME default grace period to 90 days"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/1147.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":553980,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/smes-get-a-helping-hand-from-cbe\/","url_meta":{"origin":684623,"position":0},"title":"SMEs get a helping hand from CBE","author":"enterpriseam admin","date":"15 December 2021","format":false,"excerpt":"CBE offers support for financially distressed SMEs: Financially distressed SMEs at risk of default will be given more time \u2014 and more avenues \u2014 to settle their debts under a raft of new decisions the Central Bank of Egypt (CBE) announced this week, according to a press release (pdf). The\u2026","rel":"","context":"In &quot;SMALL BUSINESS&quot;","block_context":{"text":"SMALL BUSINESS","link":"https:\/\/enterpriseam.com\/egypt\/category\/small-business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598498,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/the-central-bank-of-egypt-wants-to-incentivize-banks-investments-in-equity-for-smes\/","url_meta":{"origin":684623,"position":1},"title":"The Central Bank of Egypt wants to incentivize banks\u2019 investments in equity for SMEs","author":"enterpriseam admin","date":"27 May 2019","format":false,"excerpt":"Bank investments in SME-focused equity funds now count toward minimum small business loan requirement: The Central Bank of Egypt (CBE) agreed yesterday to allow banks to count their own equity investments in SME-focused funds as part of the mandatory minimum portion of their loan portfolios they are required to allocate\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-fra-mulls-licensing-companies-and-intermediaries-to-act-as-sme-lenders\/","url_meta":{"origin":684623,"position":2},"title":"Egypt\u2019s FRA mulls licensing companies and intermediaries to act as SME lenders","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) is studying issuing licenses to allow companies and financial intermediaries to extend loans to SMEs, FRA boss Mohamed Omran told MENA, according to AMAY. The move comes as part of the authority\u2019s 2018-2022 strategy to promote financial inclusion through offering more diversified non-banking financial services.\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":578489,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/fra-tightens-controls-on-follow-on-lending-to-smes\/","url_meta":{"origin":684623,"position":3},"title":"FRA tightens controls on follow-on lending to SMEs","author":"enterpriseam admin","date":"2 January 2023","format":false,"excerpt":"DEBT-State-owned Assiut National Oil Processing Company (ANOPC) secured a USD 2.9 bn loan to finance its new hydrocracking complex, according to a statement by the National Bank of Egypt, which acted as financial advisor and agent for the transaction. The 12-year loan is being extended by a consortium of international\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/12.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569422,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/egypts-central-bank-studying-plan-to-hedge-against-bank-investments-in-smes\/","url_meta":{"origin":684623,"position":4},"title":"Egypt\u2019s central bank studying plan to hedge against bank investments in SMEs","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"CBE studying plan to hedge against bank investments in SMEs: The Central Bank of Egypt (CBE) and its newly established Credit Guarantee Company are planning a program to help banks hedge against risks incurred by holding stakes in private equity companies and funds that invest in SMEs, CBE Sub Governor\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":574192,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/01\/bdc-sme-lending-up-23-in-1h2020\/","url_meta":{"origin":684623,"position":5},"title":"BdC SME lending up 23% in 1H2020","author":"enterpriseam admin","date":"1 September 2020","format":false,"excerpt":"Banque du Caire increased its lending to SMEs by 23% to EGP 11 bn during 1H2020, Chairman Tarek Fayed said in a statement on Monday, Hapi Journal reports. The state-owned bank has been working with the European Investment Bank to channel finance to SMEs after the multilateral lender signed off\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/684623","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=684623"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/684623\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/684609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/684624"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=684623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=684623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=684623"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=684623"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=684623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}