The central bank The Central raises raised the maximum monthly debt burden of the personal loan product, including auto loans, other commodities, and credit cards, to 50% of the customer’s monthly income, instead of the current 35%.
At the same time, the central bank maintained the maximum mortgage loan installments at 40% of the customer’s income.
The Central raises
Alaa Farouk, Head of the Retail Banking Sector of Al Ahli Bank, said that the decision came in line with the improvement in the level of income in light of achieving high growth rates, and the stability of operating in the factories, thus improving the operating environment for credit and lower risk of default.
He expected this to lead to a recovery of retail loan portfolios with banks, especially with the central bank reducing interest rates by 650 basis points over the past two years.
The central bank obligated the banks, two years ago, not to give individual customers consumer loans if the total of installments that the customer was required to pay exceeded 35% of his monthly income.
An analyst with an investment bank said that the rates of private consumption have slowed sharply during the last period, which was reflected in the inflation rates; and if it continues, it will affect the growth levels.
And it expected that this step would revive consumption in part by raising the purchasing power of consumers, allowing companies to improve their profit margins.
The importance of a business team meeting
The importance of the work team meeting, the meeting is an interactive session between all the members of the work to discuss the project conditions
What are the points that have been reached and the points that need to be somewhat reinforced, as each individual gives his opinion
And the discussion in it to reach the largest amount of information and adjustments that must be worked on to reach the summit easily,
Therefore, the meeting is very, very important so that you can get the information you want and distinct ideas,
So in this article, we will explain to you what is the importance of a business team meeting.