High interest rate hinders banks in Egypt from obtaining foreign loans
Foreign institutions require high return interest rates of 5.5%, which is unsuitable…
NBE loans EGP 1bn to 1,734 micro and small-sized enterprises in February, March 2016
The bank provided EGP 23.4bn to 48,000 SMEs through of March 2016
NBE aims to reduce delayed debt payments by June: deputy chairperson
The National Bank of Egypt currently has an outstanding debt of EGP…
BLOM Bank Egypt reveals top features of 5-year expansion plan
Bank’s goals include increasing large and small branches network, presence in Upper…
EGP 2.5bn syndicated loan to Majid Al Futtaim
Alex Bank and the National Bank of Abu Dhabi will act as…
Banque Misr targets increase in SMEs loans to EGP 1.5bn by end of FY 2015/2016
The bank provides 55% of the total funds granted by banks as…
UNB-Egypt aims to increase SMEs loans to 8% of total portfolio by year’s end
Bank developed a strategy to increase finances provided to the sector to…
AIB aims to increase SMEs loans portfolio to EGP 7bn by 2020
The volume of loans provided to SMEs amounted to EGP 1.5bn, equal…
Banque Misr obtains $100m loan from China Development Bank
The value of the loan has already entered the bank’s treasury