SFD Grants EGP135mn to NBE for Financing Small Projects

National Bank of Egypt (NBE) has signed finance contracts worth EGP135 million for small projects with the Social Fund for Development (SFD) with the presence of each of Hanaa Al-Hilali, Secretary –General of the fund and Soha Soliman, Head of SMEs at NBE

The contract aims to finance all the commercial, service and industrial activities as well as the development projects including the small Livestock and agricultural and cover all the finance needs for new small projects whether financing the capital of worker or buying new mechanisms.

Al-Hilali added that this contract will complete the fruitful cooperation between SFD and NBE as partners for development and improve the economic levels for citizens through providing job opportunities.

The total value of concluded contracts between the bank and the fund are EGP7.8 billion for implementing 99 contracts since their partnership in 1992.