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State-banks’ contributions to specialised financial institutions cut to 0.125% for two years

June 30, 2020

In its meeting on Tuesday (June 30), the Cabinet approved the Finance Ministry’s proposal to cut down on state-owned banks’ contribution to specialised financial institutions’ (SFIs) development fund due to the impact the Covid-19 crisis has had on SFIs’ financial standing.

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State-banks’ contributions to specialised financial institutions cut to 0.125% for two years