Banque Misr Eyes SMEs Financing Portfolio Totals EGP1.5 bln by FY14-end
Banque Misr’s strategy for the current fiscal year 2013/2014 targets expanding in financing small and medium…
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SMEs
Italy to Unveil a Second Credit Line with Egyptian Banks Soon
The Italian Technical Cooperation Agency will be opening soon a new credit line with a number of Egyptian banks,…
IFC Provides $300 mln to Support SMEs in MENA during 2013
World Bank Group’s IFC has spent around US $ 300 million during 2013 in supporting the SMEs in the MENA region, the…
Egypt Farm Bank Says SFD’s Total Finances Hit EGP2 billion
Egypt's main agricultural bank PBDAC registered total finances granted by Social Fund for Development (SFD),…
Al Baraka Bank Egypt: Profits Surge 22.04% in 2013
Al Baraka Bank of Egypt reported an increase worth EGP 29.9 million or 22.04% in its profits to hit EGP 165.7…
GAFI: 8512 New Firms Founded in Egypt during 2013, Highest Since 2005
Around 8512 new companies were founded in Egypt during 2013, according to the Chairman of the Egyptian General…
Barclays: Retail Lending in Egypt Surges to EGP3bn at 2013-end
According to initial indicators, Barclays Bank registered retail loans in Egypt amounting to EGP 3 billion at the…
Barclays Eyes Bolstering Market Share in Egypt to 6% within 3 Years
Barclays Bank is looking forward to bolstering its market share in Egypt up to 6% within the next three years,…
SAIB Says to Inject EGP1.54 bln in SMEs within 2014
Société Arabe Internationale de Banque (SAIB) is planning to inject new finances worth EGP 1.5 billion in the SMEs…
NBE, SFD Sign EGP146 mln Contract to Finance SMEs
The National Bank of Egypt (NBE) signed a new contract in the amount of EGP 146 million with the Social Fund…