ABA-Egypt Finances 209 thousand Projects worth EGP647mn in 9 Months

Big 5

The total value of Alexandria Businessmen Association (ABA)’s finance reached about EGP647 million, around 209 thousand projects have benefited from ABA within the first 9 months of the current year.

The Executive Director of ABA Motaz El Tabaa told Amwal Al Ghad that the Association is aiming to achieve EGP990million finance by the end of 2014, he noted that ABA has financed 128.000 loans worth EGP88 million in September.

ABA is targeting to inaugurate 3 new branches in the current year including Al Sharqia branch that will be opened this year so the number of branches will be 63 by 2014.

Moreover, the Association is the first beneficiary to query credit service in cooperation with I-score Company as the Association obtained 6000 monthly credit inquiries from the company.