Cairo – Mubasher: The Central Bank of Egypt (CBE) has raised the debt payments-to-monthly income ratio for personal loans and auto loans to 50% from 35%.
As for mortgage loans for personal housing, debt payments-to-monthly income ratio has been set at 40%, according to a statement on Sunday.
This move reflects the improvements in the country’s economic indicators and gross domestic product (GDP).
Source:
Mubasher