National Bank of Egypt’s Total Contracts with SFD Up EGP8.1bn

By Salma Ayman On Oct 15, 2014

Vice President of National Bank of Egypt (NBE) Mahmoud Montasser said the total contracts of the bank with Social Fund for Development (SFD) reached EGP8.1 billion for 101 contracts that financed more than 140.000 projects.

He added on the sidelines of a press conference that held by SFD for financing new contracts with the bank worth EGP300 million financed by the World Bank as the bank pays great attention for SMEs in light of its ability to feed the major industries.

Furthermore, the new contract with SFD will provide 8950 job opportunities for the owners of projects.