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


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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