• Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 24, 2025
itida
Egyptian Gazette

Editor-in-Chief

Mohamed Fahmy

Board Chairman

Tarek Lotfy

  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Flight schedules
    • EgyptAir booking
    • Snippets from EgyptAir history
    • EgyptAir history
    • Your Shipment On Time
    • Discover the World of Shopping
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Flight schedules
    • EgyptAir booking
    • Snippets from EgyptAir history
    • EgyptAir history
    • Your Shipment On Time
    • Discover the World of Shopping
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
Egyptian Gazette
No Result
View All Result
Home Business

CBE: 65.8-billion-pound credit facilities offered to micro, small, medium enterprises

by Gazette Staff
April 5, 2021
in Business, Local
CBE: 65.8-billion-pound credit facilities offered to micro, small, medium enterprises 1 - Egyptian Gazette
Share on FacebookWhatsapp

CAIRO – The Central Bank of Egypt (CBE) said on Monday the volume of credit facilities that were provided to micro, small and medium-sized enterprises as part of the guarantees program of the Credit Risk Guarantee Company reached 65.8 billion pounds by the end of January 2021.

In a report, the bank said the guarantees portfolio of the program reached 45.8 billion pounds.

The central bank said the program aims to encourage banks to expand granting facilities to micro, small and medium-sized enterprises to boost the national economy.

He said the value of existing guarantees in the clients’ guarantees portfolio amounted to EGP 40.7 billion at the end of January 2021, including 58.9-billion-pound credit facilities.

He said small enterprises accounted for 79.8% of the total existing guarantees followed by medium enterprises (19.2%).

The CBE said the industrial sector took the lion’s share of existing guarantees by 60.2% followed by the agricultural sector (15%), the service sector (11.2%), construction and building (9.2%) and finally the commercial sector (4.4 percent).

Geographically speaking, the Delta region took 38.4 percent of total guarantees followed by Greater Cairo (29.4%), Upper Egypt (18.8%), Alexandria (7.9%) and Canal cities (5.5%).

Guarantees offered to banks to provide credit facilities to women’s projects accounted for 5.85% of total guarantees by the end of January 2021, it said.

Tags: CBEEconomyEgypt

Discussion about this post

ADVERTISEMENT
egyptian-gazette-logo

The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.

Follow Us

Gazette Notifications

Would you like to receive notifications on our latest news ?

  • Advertise
  • Privacy & Policy
  • Contact

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Flight schedules
    • EgyptAir booking
    • Snippets from EgyptAir history
    • EgyptAir history
    • Your Shipment On Time
    • Discover the World of Shopping
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.