Banque Du Caire to increase SMEs funds to EGP 30bln in 2022

Egypt’s state-run lender Banque du Caire seeks to increase  small and micro enterprises to 30 billion pounds by the end of 2022 according to BDC deputy chairman Hazem Hegazy.

He further told Amwal Al Ghad during third annual leasing conference entitled “Leasing for Nation’s Development” that the current volume of the SMEs portfolio has reached 7 billion pounds, adding that the bank aims to increase the volume of the portfolio to 8 billion pounds.

Furthermore, Hegazy added that BDC has pumped 1.6 billion pounds as part of Central Bank of Egypt’s (CBE) mortgage finance initiative, seeking to increase the amount injected to 2 billion pounds by the end of 2018.

Banque du Caire has positioned itself at the forefront of Egyptian banks by consistently offering its clients a full range of value-added products and services and ensuring an outstanding level of customer service.