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Banque Du Caire earmarks $169 mln for SMEs

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Banque Du Caire earmarks $169 mln for
SMEs
Thursday, 14 July 2016
Egypt’s biggest public lender, Banque Du Caire seeks to pump more finances in
favour of small and medium-sized businesses in the country, its chairman
Mounir El Zahid announced Thursday.
The bank has allocated 1.5 billion Egyptian pounds ($169 million) to finance
SME projects in the next six months, El Zahid said.
Throughout 2015, Banque Du Caire had secured loans worth 2 billion pounds in
favour of SME projects, the banking official said.
“Financing SMEs is one of our top priorities in Banque Du Caire’s 2016
strategy.” El Zahid said.
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© Amwal Alghad 2016
© Copyright Zawya. All Rights Reserved.
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