Last Update 22:6
Friday, 18 October 2019

Egypt's Sisi directs CBE to reduce interest rate on youth loans

MENA , Sunday 17 Feb 2019
CBE Amer
A file photo of Tarek Amer , the governor of Central Bank of Egypt (Photo:Al-Ahram )
Views: 2145
Views: 2145

Egypt's President Abdel-Fattah El-Sisi wants the interest rate on loans to young people to be reduced to 5 percent, Central Bank of Egypt governor Tarek Amer said on Sunday.

Amer was speaking during the launch of the CBE national initiative to support entrepreneurs and small and medium-sized enterprises under the name of 'Nilepreneurs.'

The CBE is determined to continue economic reforms in cooperation with the government to contribute to development, he said.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.