Central Bank of Egypt announces measures to offset the impact of COVID-19
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The Central Bank of Egypt has introduced measures to offset the impact of COVID-19.
These measures include:
i) cutting interest rates;
ii) deferring all credit dues for all customers for a period of 6 months; and
iii) exempting banks for one year from calculating additional risk weights on total credit loans granted to the top 50 borrowers.
Further details are available here.
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