Economy 5 million citizens and companies will benefit from a...

5 million citizens and companies will benefit from a 6-month delay in loan repayment

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An official source at the Central Bank of Egypt revealed that the total number of beneficiaries of the Central Bank’s initiative to postpone the payment of loan installments exceeding 5 million beneficiaries between individual citizens and companies.

The source said in a statement to the Middle East News Agency that the total number of natural persons benefiting from deferred payment of debt installments amounted to about 4 million and 940 thousand people, while the number of companies and legal entities reached about 74 thousand and 879 companies.

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The Central Bank of Egypt issued a decision – last week – to postpone the repayment of loan installments of natural persons and companies who are in regular and unpaid payments without delay fines or fees for a period of six months, within the framework of the Central Bank’s measures and procedures to face the repercussions of the outbreak of the Corona virus.

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