PM to name VPs for Egypt’s third biggest lender ‘within days’
Egypt’s Prime Minister Sherif Ismail will name within days two key banking officials as vice chairpersons of the country’s third biggest public lender, Banque Du Caire, banking sources with knowledge told Amwal Al Ghad Sunday.
The sources further said the two banking officials nominated for the post are Soha Soliman, Secretary-General of Social Fund for Development (SFD), and Mohamed Mashhour, Executive Board Director at Banque Du Caire.
The post remained vacant since Mohamed Taha left in June 2015 to serve as Regional Treasury Head for Middle East and North Africa at Arab Banking Corporation (ABC Bank).
Soha Soliman graduated from the Faculty of Commerce Cairo University and started her banking career in 1995 joining Egyptian American Bank (affiliate of American Express Bank). In 2006 after being promoted several times, she reached the position of Corporate banking vice president in credit Agricole Bank after this later acquired Egyptian American Bank. Also, in 2006, she used to train in AUC the curriculum for credit certificate.
In 2008, she joined Audi Bank as Head of Small and Medium Enterprises to start her new challenges with the analysis of the Egyptian SMEs access to finance, challenges, obstacles and suggested solutions. In April 2010, she moved as Head of Small and Medium Enterprises in National Bank of Egypt. (the Largest Bank in Egypt – 100% government owned), where she increased the SMEs portfolio from 3 billion to 13 billion Egyptian pounds in 4 years disbursed to around 38,000 clients financed by banks sources in addition to 5 billion pounds credit lines from multinational institutions.
In November 1st, 2014, she was nominated as Managing Director of Social Fund for Development. Since November 1st and till end of October 2015, SFD witnessed an increase of 68 percent in MSE loans to reach approximately 4.5 billion and an increase in Public Works by 113 percent to reach around 784.4 million pounds.
She has been granted a number of training courses and International certifications in Credit, also Credit Specialized Certification in SME. She has visited a number of countries to represent Egypt in the SME topics (United States of America – United Kingdom – Germany – Jordan – Lebanon – France – United Arab of Emirates – Kuwait). Adding to this, she is chairing the Arab Union for Small Enterprises-League of Arab States, and she was awarded the Union of Arab Banks (UAB) for most influential woman in Arab economic and banking sectors 2015
For the second banking official nominated for Banque Du Caire’s vice presidency post, Mohamed Mashhour received a bachelor’s degree in accounting in 1981. He started his career at the same year of his graduation at the Arab African Bank for 10 years at the information technology field then moved to Bank Aljazira at kingdom of Saudi Arabia in 1989.
In 1992, Mashhour moved back to Cairo and joined CIB for 12 years as Senior Manager to the Systems and Products Development Department.
In 2004, he joined BDC to start as the General Manager of Retail Sector. Then in 2012, he promoted to be the head of branches network and retail sector. He finally becomes one of the Executive Board Directors in 2014.
Mashhour is currently Board member of I-score Company. He was one of the Board Director members of AIR Cairo, E-finance, and of the Developing Committee of National Investment Bank.
