CBE: Agricultural, poultry, livestock, fisheries firms to join industrial support initiative

CAIRO - 26 March 2020: The Central Bank of Egypt (CBE) decided to get companies operating in the agricultural, agro-products manufacturing and packaging, livestock, poultry and fisheries to join an initiative for supporting private industrial sector with 8 percent reducing interest rate.

In a statement on Thursday, the CBE said the decision targets companies whose business volume and annual revenues stand at about LE 50 million to LE 1 billion.

The bank underlined that the initiative is still offering credit facilities at a 5 percent reducing interest rate for companies and small enterprises operating int he agricultural and agro-industrial scores whose business volume and annual revenues stand at about LE 50 million to LE 250 million.