Friday 07 January 2022
Books – Hassan Morsi:
Khaled Badr, head of the Institutional Communication Group at the Agricultural Bank of Egypt, confirmed that the livestock loans will be restructured provided that they pay 15% of the loan value, and the rest will be rescheduled over long terms of up to 7 years with their commitment to repay the loan regularly in monthly installments.
Khaled Badr added in a telephone interview to the “Red Line” program presented by the media, Mohamed Moussa, on Al-Hadath channel today. One billion pounds to motivate producers and farmers to return again to the Egyptian sector and analyze them from their accumulated debts.
The head of the institutional communication group at the Agricultural Bank of Egypt continued. We also aim to restructure the animal revolution loans for regular customers who received loans with high interest rates during previous years, and were not using them for the purposes assigned to them, causing them to default.
He explained that customers who will be subject to restructuring conditions will be able to benefit from the initiatives of the Central Bank of Egypt by obtaining loans with interest rates ranging between 5% and 8% to encourage them to continue production.
are recovering today