The Central Bank of Egypt (CBE) is including physicians, physiotherapists, and dentists from members of the Federation of Medical Professions Syndicates to benefit from the SMEs initiative at a declining 5% interest rate, without complying with the legal form or the minimum size of business.
The SMEs initiative was launched by the CBE in January 2016.
The CBE directed banks in the local market to commit to using the facilities granted within the framework of the initiative to finance the investment costs for the purchase of medical devices and equipment while ensuring that they are used for their specified purpose.
Furthermore, the CBE stressed the importance of the role of banks in providing electronic payment methods to funded doctors within the scope of this initiative to support digital transformation and financial inclusion.
