United Bank loans EGP650 million to Egypt SMEs in 2014

United Bank – Egypt has provided around 650 million Egyptian pounds (US$90.8 million) total financing for the small and medium-sized enterprises, chairman and managing director Mohamed Ashmawy said on Wednesday.

In his keynote speech at SME Regional Conference organised by the Egyptian Central Bank, Ashmawy stated that the bank pays a great attention to SMEs, referring to the country’s sponsored by the Egyptian presidency includes 6 factors to develop the SME sector.