| NBE to increases SMEs portfolio to LE70bn in 2019 |
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National Bank of Egypt (NBE), the countrys largest state bank, announced that it pumped total funds of 50 billion Egyptian pounds into small and medium enterprises SMEs by the end of 2018.
Mamdouh Afia – Head of SME Finance Group told Amwal Al Ghad that the bank seeks to increase the funds to 70 billion Egyptian pounds by the end of 2019, and 100 billion pounds by the end of 2020.
The bank has injected an amount of 30 billion pounds as part of the Central Bank of Egypt initiative for SMEs since its inception in 2016. Source: Amwal Al Ghad
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| Time Added: 2019-01-23 12:54:28 |
| Source: arabfinance |
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