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For these reasons, the central bank ordering the bank to delete the 108 thousand client from the negative lists and black

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Back The Central Bank of Egypt, Reasons for a claim to banks operating in the Egyptian market, by the names of the customers listed safety and Black has the banking system; and to the compatibility with assignments President Abdel Fattah al-Sisi, To restart the factories and enterprises to boost production and achieve rates of growth.–

Said speech wave of central bank heads of the banks, that those expectations are consistent with the strategy of “Central” towards the support of economic entities of different individuals; and to restore confidence in the banking system.-

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Revealed instructions, he was Mandated banks Notify 108 thousand clients from individuals and companies listed Negative lists and blackAnd B it was decided to delete them from those lists and benefit from the direct “central” issued in April last designated for that purpose.–

He explained, “Central”, that I have to bank across its branches Notify the customer Listed negative and black, numbering about 8 thousand companies and 100 thousand individual client; that he can deal freely with the banking system .–

Bank stated that the instructions for the purpose of advancing the industry output and employment, explaining that the instructions included reduced periods of disclosure of historical information to customers who repay their indebtedness fully to become 6 months instead of 3 years.

The bank revealed that the total beneficiaries of that initiative, approximately 162 thousand clients, explaining that he was reduced to the period of disclosure from customers who have paid those debts by agreement with the creditor banks and partial reduction of debt to become a benefit period of one year instead of 5 and 10 years total number of beneficiaries of which about 61 thousand clients.

Bank stated that it has been deleted on the available historical system Credit registry at the central bank And the source of the credit bureau(I-Score)for the customers who met the extended disclosure, including to take advantage of the funding opportunities for those who wish to get the personal loans or consumer or to complete their activities and return strongly to the circle of economic activity. –

And come the instructions to achieve greater transparency and disclosure between the banking sector and customers through informing them with their current terms of application of the decision of the board of Directors of the central bank and encourage serious ones to deal again with the banks.

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