United Bank attains 120mn Egyptian pounds from SFD to fund SMEs
State-run United Bank of Egypt obtained 120 million Egyptian pounds from the Social Fund for Development (SFD) in…
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SMEs
Ezdehar Management’s Egypt Mid-Cap Fund reaches $85 million
Egyptian mid-cap investment management firm Ezdehar Management says it raised $85 million for its fund, Ezdehar…
IFC loans AAIB bank $100 million to support Egypt SMEs, energy projects
The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $100 million loan to…
CBE is ready to repay Egypt’s foreign obligations: Amer
Central Bank of Egypt (CBE) is ready to repay any foreign obligations on Egypt at any time without delay, the…
AlexBank: SME lending hit 3 bln Egyptian pounds at 2016-end
AlexBank, a member of Italian bank Intesa Sanpaolo, says small and medium-sized financing portfolio had recorded 3…
Bank Audi Egypt to increase 4.5bn pounds-loan portfolio by end-2017
Bank Audi Egypt is planning to increase its loan portfolio volume to 4.5 billion Egyptian pounds ($249.2 million)…
EBRD allocates €1.5 billion for SME projects in Egypt
The European Bank for Reconstruction and Development (EBRD) has allocated 1.5 billion euros ($1.6 billion) to…
NBE increases its 26.4bn Egyptian pounds-capital since June 2008
The National Bank of Egypt (NBE) has increased its capital by 26.4 billion Egyptian pounds ($1.6 million) between…
Germany offers Egypt $500 million to support economy, SMEs
Germany is planning to provide Egypt with $500 million in support of the country's economic reform programme and…
Central Bank of Egypt mulls amendments to the SMEs initiative
The Central Bank of Egypt (CBE) is looking to make amendments to the initiative that involves funding small and…
