ICEC

NBE likely to inject 3.5 billion pounds in industry sector

Egypt’s biggest lender, the state-owned National Bank of Egypt is planning to  inject 3.5 billion Egyptian pounds in number of companies working in the industry sector within the current period.

A source with knowledge said that the funds distribute between 3 billion pounds for companies working in food industries and 500 million glass manufacturing companies.

on the other hand, the bank’s credit portfolio has recorded 430 billion pounds by the end of March of which 46 billion pounds for persons and 42 billion pounds for SMEs sector.

Comments
Loading...