Banque du Caire, CIS Egypt in talks on credit risk coverage
Cooperative Insurance Society Egypt (CIS Egypt) is negotiating to offer the country’s third largest state bank,…
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SMEs
EBRD, AlexBank sign $100 million deal to boost SMEs, trade activities in Egypt
The European Bank for Reconstruction and Development (EBRD) is providing AlexBank, a member of Italian bank Intesa…
Egypt, EU sign two assistance programmes worth €120 million
Egypt has signed on Tuesday two grants worth €120 million ($124.6 million) from the European Union to support the…
Egypt to form SMEs Development Authority
The cabinet approved a draft resolution submitted by Minister of Trade and Industry Tarek Qabil on Thursday for the…
Banque du Caire: MSME financing portfolio hits 2.6 bln pounds at Oct-end
Egypt’s third biggest bank, state-owned Banque du Caire said Thursday its portfolio of micro, small, and…
FEP Capital to complete industrial SME listing before year-end
Egyptian investment bank FEP Capital expects to complete a 10 million pound ($558,646) listing of an industrial…
Visa signs 3 milestone partnerships at Cairo ICT 2016
Visa Inc. is signing Sunday and Monday three milestone partnerships at Cairo ICT 2016 that seek to increase the…
Bank Audi seeks Egypt SMEs financing sixfold higher in 4 years
Egypt’s eighth largest commercial bank, Bank Audi S.A.E. seeks to raise its finances for small and medium-sized…
National Bank of Egypt pumps 5.2bn Egyptian pounds for SMEs
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) has pumped 5.2 billion Egyptian pounds ($294.2…
Banque Misr finances 419,000 clients working in micro-enterprises, SMEs
Banque Misr granted a number of loans worth 3.8 billion Egyptian pounds for 419,000 clients who are working in…
