Finance and Default Treatment during Crisis

img-7Six months after the Egyptian revolution of January, all banks and other financial institutions were facing a growing rate of non-performing loans as result of the absences of security due to Police weakness and political instability situation. There was a high need to unify all efforts to get over such crisis. ECRA in correlation with EBI had jointly organized a wide scale conference, invited all Egyptian banks, Central Bank of Egypt, Mortgage, Leasing, Factoring, and other credit financial institutions, to discuss the problem and to search all possible solutions. The conference came out with very important recommendations where most of it had been adopted by all participant bodies.