Are there Central Bank initiatives offering companies reduced interest rates? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Are there Central Bank initiatives offering companies reduced interest rates?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Yes. The most important is the 5% initiative for small enterprises (in the industry, agriculture and contracting sectors), where the client obtains financing at a 5% declining interest rate to support local production.

Medium and large enterprises have initiatives whose rate changes (such as 11% or 15%), and these are currently subsidised by the Ministry of Finance in coordination with the Central Bank.

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