Latest in Tag: SMEs Highlight
Latest in Tag: SMEs
United Bank’s SMEs portfolio reaches EGP 900m: chairperson
According to El-Kady, SME-projects represent about 12% of the bank’s credit portfolio, and he aims to increase that number to more than 20% before the end of 2019
EAEF increases financing to $96m in Egyptian startups
Despite Egyptian pound’s devaluation, high poverty, and extreme trade imbalance, SMEs are thriving
New, renewable energy fields are attractive investment fields in Egypt: NREA chairperson
Cabinet is currently reconsidering the purchase of renewable energy equipment from the private sector
87% hindered investments in 1,000 factories project: AISME head
41 enterprises have applied to Al-Sisi’s loans, and only one obtained EGP 400,000, says Kamal
NBE finances purchase of 8,600 low- and middle-income housing units with EGP 700m
Hegazy attributed the bank’s success in being able to finance its large number of clients to its ongoing cooperation with concerned parties, such as the CBE and the Mortgage Finance Fund (MFF), in addition to covering all geographic areas in Egypt
Crowell & Moring establishes SMEs direct investments fund with $25m capital
Hegazy’s office played the role of legal adviser in the process of establishing the fund with a capital of $25m.
NBE aims to increase size of SMEs portfolio by 20% by end of next June: deputy chairperson
The bank follows a special philosophy in dealing with these enterprises based on sustainable development and focusing on quality along with quantity
Barclays rules out financing SMEs during current period
We want to have a good position in financing SMEs first, we do not know the strategy of the bank’s new buyer, said El Behery
Eitesal supports SMEs through ‘eConsult’ consultation programme
9% expected annual growth for Egyptian IT sector until 2019, says Gartner Research
Barclays Egypt awaits sale of local unit to implement strategic plans
EGP 1bn achieved in SMEs financing portfolio as of March
Lack of financing hinders SMEs in Egypt
The lack of a unified body responsible for this sector is the main problem, says El-Saeed
2.5m SMEs in Egypt providing 75% of jobs: EBI executive
We face great economic challenges and the solution lies in supporting these projects, says EIB research director
Training plays a major role for SMEs in Egypt: Egyptian Banking Institute executive
The institute is training bank employees and project owners, as well as raising awareness on the importance of SMEs, says El-Baradei
SMEs acquire 7.5% of Emirates NBD Egypt’s loan portfolio
Guaranteeing loans for micro-enterprises via Credit Guarantee Company will encourage banks to finance them
Success of technological complexes depends on SMEs
This should a developmental project rather than one based on investment, says CIT chairman
Financing is most important requirement for developing SMEs: UAB
CBE initiatives target facilitating required financing for these projects, says CBE deputy governor
United Bank, SFD sign EGP 150m contracts to finance SMEs
The first contract stipulates that the SFD will provide EGP 100m for the United Bank to finance new and existing small enterprises nationwide
BLOM Bank Egypt reveals top features of 5-year expansion plan
Bank’s goals include increasing large and small branches network, presence in Upper Egypt, expanding in financing SMEs
Are CBE’s initiatives enough to develop SMEs?
Daily News Egypt speaks to experts on how to support and develop this sector
ITIDA finances over 10 programmes to support SMEs
Agency assigns EGP 40m the EXPORT IT programme
SMEs comprise 9.5% of United Bank’s loan portfolio by end of December 2015
We target 25% increase in funds directed to SMEs from the total loan portfolio within four years, says Abdul Hamid
Banque Misr targets increase in SMEs loans to EGP 1.5bn by end of FY 2015/2016
The bank provides 55% of the total funds granted by banks as part of the Mashrouak initiative
IDBE launches 11 products, programmes to finance SMEs: bank chairperson
Loans to SMEs represent 16% of bank’s total loan portfolio, which we aim to increase up to 20% before end of 2016, says El-Kosayer
UNB-Egypt aims to increase SMEs loans to 8% of total portfolio by year’s end
Bank developed a strategy to increase finances provided to the sector to 20% of its total loans within four years
Metropolitan Consulting supports CBE’s initiative for financing SMEs
Nagaty said the company’s goal behind this step is to contribute to supporting the expansion of already existing SMEs, or establishing new companies
Banque du Caire aims to inject EGP 2bn into SMEs during 2016: Chairperson
El-Zahid said the bank has been supporting these projects for more than 10 years, and the loans directed to them represent 5% of the bank’s loans portfolio
UAB, World Bank to conclude study on initiatives to support SMEs
There are serious steps being taken to support SMEs in Egypt, Sudan, Tunisia, Oman, Morocco, Iraq, and Libya, says secretary-general
CBE’s SME funding initiative met with doubt
The initiative conflicts with other government lending initiatives because of its low interest rate
AIB aims to increase SMEs loans portfolio to EGP 7bn by 2020
The volume of loans provided to SMEs amounted to EGP 1.5bn, equal to 40% of bank’s loans portfolio, says chairman
Intel launches initiative to provide technological solutions to students, SMEs
Technology increases small businesses’ productivity by 10%, says Khalifa