Egyptian banks raised 101 billion pounds for SMEs – cbank official
Egyptian banks have raised 101 billion Egyptian pounds ($5.6 billion) in finances for around 37,000 small and…
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SMEs
Egyptian tycoon Sawiris boosts European presence with a new bank
Egyptian billionaire businessman Naguib Sawiris is stepping up his European presence with the official launch of…
Banque Misr in talks with EIB, Afreximbank for $700 million funding
Banque Misr, Egypt’s second largest state lender, is negotiating a $700 million loan from the European Investment…
EBRD loans Egyptian Gulf Bank $20 million to boost Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has provided the Egyptian Gulf Bank a $20 million loan,…
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…
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)…
