CBE bars credit facilities for unregistered entities
Source ↗
👁 0
💬 0
The Central Bank of Egypt (CBE) has instructed banks not to grant or renew credit facilities to non-banking credit providers unless they are officially registered, assigned a CBE code, and recorded on its information network as well as with the Egyptian Credit Bureau.
In a circular addressed to banks, the CBE stated that existing indebtedness will be placed under liquidation if the entities concerned fail to regularise their status within a three-month period. Banks have been tasked with notifyi
In a circular addressed to banks, the CBE stated that existing indebtedness will be placed under liquidation if the entities concerned fail to regularise their status within a three-month period. Banks have been tasked with notifyi
Comments (0)