Mashreq Egypt Launches SME Current Account

Mashreq Bank – Egypt launched today a new SME Current Account to address the needs of small and medium-sized business customers, as individuals or as businesses.

Through three various business account solutions, the new account provides interest rates calculated daily on the average balance of the account, to reach 6% annually in addition to discounts on the banking transactions.

In a statement issued by the bank on Monday, Mashreq said the new current account service is the first of its kind to be provided in Egypt. The bank offers business account across three tiers; namely Business Value Account, Business Premium Account and Business Platinum Account.

On this occasion, Pankaj Kundra – Head of Retail at Mashreq Egypt – said the bank mainly aims for providing an added value to the business owners through their transactions at Mashreq Egypt.

The bank is presenting one of the best and highest-interest accounts for the business owners in Egypt’s market, alongside offering a discount on the banking transactions in general, he added.

“We are offering them (business owners) the suitable account regardless the type of project.” Kundra noted

 *This statement has been translated and edited by Amwal Al Ghad English