Egyptian banks raised 101 billion pounds for SMEs – cbank official

Egyptian banks have raised 101 billion Egyptian pounds ($5.6 billion) in finances for around 37,000 small and medium-sized enterprises, central bank deputy governor Gamal Negm said Monday.

“The banks have also granted more than 6 billion pounds as part of the central bank’s low-income mortgage finance initiative,” Negm added in a banking conference in Cairo.