7 Hrs
Source:
بوابة الشروق
_1777352244987_250242181.png&w=64&q=75){kind=small}
Banks hesitant to fund cable firms
Banks in Egypt are moving toward tightening the requirements for financing electrical cable companies due to declining cash flows and the halt of new project launches in the sector. Banks are now reviewing applications more carefully, focusing on the quality of cash flows, debt indicators, and the financial solvency of companies before granting or renewing facilities. This cautious approach reflects the deterioration of company financials and decreased demand resulting from the suspension of new projects in infrastructure, real estate development, and industry sectors. The slowdown in project launches is a key reason behind the weak demand for financing, as banks continue to reassess credit limits based on companies’ ability to settle their obligations.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)