National Investment Bank Pumps EGP250mn for Textile Firms in 6 Months

Board of Directors of National Investment Bank (NIB) Momtaz Al-Saeed revealed that the bank is aiming to pump EGP250 million in Textile companies within 6 months at least.

In statements to Amwal Al Ghad, Al-Saeed explained that the loans aim to re-targeting financial and administrative restructuring of the companies that suffered heavy losses, in addition to increasing the capacity of those companies.

In the last period, the bank has pumped EGP100 million for implementing special projects in favor of Land reclamation companies affiliated to government in addition to pharmaceutical firms with around EGP15 million and paining EGP50 million for Railway authority.