CBE bars credit facilities for unregistered entities

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 […] The post CBE bars credit facilities for unregistered entities first appeared on Dailynewsegypt.