BDL to raise ceiling for industrial export soft loans. Conditions to ease in a bid to benefit SMEs

The Central Bank (BDL) will raise the ceiling of soft loans provided by banks to finance the working capital of industrial exporters to $3 million from $2 million, according to Wael Hamdan, Director of BDL's Financing Unit.

The decision is an amendment to a BDL ruling addressed to the banks last May through intermediate Circular 462.

Manufacturing companies that export at least 25 percent of their output will be eligible for the soft loans instead of the current 50 percent.

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