NBE, ITC Sign Protocol To Finance SMEs

The National Bank of Egypt (NBE) and the Industrial Training Council (ITC) have signed protocol of cooperation to finance small and medium enterprises (SMEs) in the attendance of the Minister of Industry and Foreign Trade. Such protocol provides the required services for companies, institutions and individuals working in these enterprises.

Soha Soliman, head of SME sector at NBE, said the protocol targets to finance small enterprises and help them integrate into larger entities as well as holding training programs and workshops on SME financing. The protocol does not set a certain ceiling for the projects which seek to be financed.   

Mahmoud El Sherbiny, executive director at ITC, said the protocol offers the workers in SMEs “Entrepreneurship Certificate” after receiving NBE’s approval to be financed.