NBE Eyes 15% Growth in Medium Funding within FY14/15

National Bank of Egypt is targeting growth rates of 15% in its medium enterprises’ loans portfolio within fiscal year of 2014/15, said MID Corporate Banking Head Sherif Riad.

On the sidelines of an economic conference tackles the role of the Egyptian banking sector and being organized by the Arab Media Association on Wednesday, Riad also stated that NBE’s direct funding portfolio stood at EGP 9.4 billion.

The state-owned lender is also aiming to increase its direct funding portfolio to EGP 9.5 billion by the end of June 2014, he added.

“NBE plans pumping new finances worth EGP 2.5 billion within FY14/15.”  Riad noted