Banque Misr increases its SMEs portfolio to EGP15 bln

Egypt’s second-largest state-run bank, Banque Misr, the Small and medium enterprises  portfolio amounted tp 15 billion Egyptian pounds in mean  time compared to 1.5 billion by the end of 2015, Sherif El-Behery the Head of Banque Misr’s SMEs & Micro Finance Department.

He added during  the 5th Akhbar Al-Yom Economic Conference that the bank  injects an amount of 150 million Egyptian pounds monthly.

He further noted the SMEs portfolio is distributed  over four sectors equally namely industry, services, commercial, and construction.

The volume of SMEs portfolio has posted 8 billion pounds by the end of December 2017. Thus the portfolio’s volume has increased 31 percent in 5 months.