{"id":1390,"date":"2017-04-18T22:53:53","date_gmt":"2017-04-18T22:53:53","guid":{"rendered":"http:\/\/127.0.0.1:8081\/?page_id=65"},"modified":"2017-04-18T22:53:53","modified_gmt":"2017-04-18T22:53:53","slug":"cbe-new-regulations-support-smes","status":"publish","type":"post","link":"https:\/\/riad-riad.com\/cbe-new-regulations-support-smes\/","title":{"rendered":"CBE New Regulations in Support of SMEs"},"content":{"rendered":"

The Central Bank of Egypt (CBE<\/abbr>) issued a circular on 5 March 2017 (Circular) to unify
\nthe definition of SMEs as well as to enhance their access to loans.<\/p>\n

The Circular defines small enterprises as those enterprises with business volume
\nstarting from EGP 1,000,000 up to EGP 50,000,000. The Circular deleted the definition
\nof the ‘very small enterprises’ and merged it into the definition of the ‘small
\nenterprises’. Under an earlier circular (dated 7 December 2015) CBE<\/abbr> defined very
\nsmall enterprises as those with business volume from EGP 1,000,000 up to EGP
\n10,000,000. Whereas, small enterprises were defined as those with business volume
\nstarting from EGP 10,000,000 up to EGP 20,000,000.<\/p>\n

On the other side, medium enterprises are defined under the new Circular as those
\nenterprises with business volume from EGP 50,000,000 up to EGP 200,000,000. They
\nwere previously defined as those with volume from EGP 20,000,000 to EGP
\n100,000,000.<\/p>\n

The CBE<\/abbr> announced earlier in its circular dated 22 February 2016 an initiative to
\nsupport and grant medium and long-term loans to medium enterprises working in the
\nindustry and agriculture sectors.<\/p>\n

The Circular comes to extent the scope of the industry sector to cover medium
\nenterprises working in the new and renewable energy. It furthermore increased the
\nmaximum amount an enterprise working in the industry sector is allowed to borrow to
\nbe EGP 40,000,000 instead of EGP 20,000,000.<\/p>\n

For more information on this topic, you can contact Heba Elkady<\/a>, or Nour El Feky<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Egypt (CBE) issued a circular on 5 March 2017 (Circular) to unify the definition of SMEs as well as to enhance their access to loans.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"yoast_head":"\nCBE New Regulations in Support of SMEs - riad-riad.com<\/title>\n<meta name=\"description\" content=\"CBE New Regulations in Support of SMEs\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riad-riad.com\/cbe-new-regulations-support-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE New Regulations in Support of SMEs - riad-riad.com\" \/>\n<meta property=\"og:description\" content=\"CBE New Regulations in Support of SMEs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/riad-riad.com\/cbe-new-regulations-support-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"riad-riad.com\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-18T22:53:53+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/riad-riad.com\/cbe-new-regulations-support-smes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/riad-riad.com\/cbe-new-regulations-support-smes\/\"},\"author\":{\"name\":\"Mohamed\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/343abff9d1fb725bfa1dbf1244aab1cb\"},\"headline\":\"CBE New Regulations in Support of SMEs\",\"datePublished\":\"2017-04-18T22:53:53+00:00\",\"dateModified\":\"2017-04-18T22:53:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/riad-riad.com\/cbe-new-regulations-support-smes\/\"},\"wordCount\":232,\"publisher\":{\"@id\":\"https:\/\/riad-riad.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/riad-riad.com\/cbe-new-regulations-support-smes\/\",\"url\":\"https:\/\/riad-riad.com\/cbe-new-regulations-support-smes\/\",\"name\":\"CBE New Regulations in Support of SMEs - 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