Latest in Tag: SMEs Highlight
Latest in Tag: SMEs
Banks submit SME loan programmes to CBE
The CBE’s January announcement mandated that banks must direct a minimum of 20% of their loan portfolio to finance SMEs within four years
Banks granted EGP 1bn for youth-run SMEs with “Your Project” programme
Minister of Military Production Mohamed Al-Assar said the ministry plays a large role in the implementation of national projects and at the same time it does not ignore its real role in military production
Export-Import Bank of the US plans an increase in funds allocated to Egypt
Egypt’s share of bank’s total $100bn portfolio does not exceed $250m
153,410 SMEs registered in I-Score’s database until end of 2015
New definition of SMEs introduced by the CBE will have a positive impact on their funding, says I-Score Chairman
Audi Bank-Egypt EBRD sign $30 loan agreement to support SMEs in Egypt
The ERBD will use the loan to further its strategy in Egypt which aims to bolster economic development through the provision of funding for small and medium enterprises
NILEX lacks vision
Political, economic turmoil in last five years caused low turnout on NILEX
13% of IDBE’s loans portfolio goes to SMEs: Chairman
The bank seeks to raise loans to SMEs to 20% by late 2016, says El-Kosayer
NBE finances 45,000 SMEs with EGP 19bn
The bank participated in the CBE initiative for financing small and micro businesses with a yield of 5% and payment terms up to seven years
SME loans at NBE amounted to EGP 18.5bn by the end of 2015: Chairman
The portfolio has doubled six times over the past eight years, says Okasha
Bank Audi-Egypt to expand loan portfolio to include SMEs, among other sectors
Bank Audi-Egypt increased its deposit holdings by 17%, and increased the value of its loans portfolio by 47% in 2015; in 2016, the bank aims for additional 20% increase
Economic ministerial group approves affiliation of SMEs sector to Industry Ministry
Economic slowdown, decline in foreign currencies and political turmoil affected SMEs sector badly, says minister
EBRD to provide $ 260m in direct financing to SMEs in 2016
EBRD aims to provide greater access to financing through domestic banks’ branch networks
Banks race to implement CBE’s programme for funding SMEs
Both Banque Misr and the Industrial Development and Workers Bank of Egypt have begun proposing funding programmes with a 5% declining annual interest rate
Banque Misr begins activating CBE initiative to finance SMEs with 5% yield
This springs from the bank’s commitment to promoting economic development and contributing to the development of society by fighting unemployment, increasing the gross domestic product (GDP), and achieving sustainable development.
Banking intermediation credit to private sector at 32% until 15 September
The overall share of funds to SMEs in the loans portfolios of banks operating in Egypt is 5%, says Dcode report
Ayadi to contribute 6 projects in of agriculture and SMEs sectors next week
The value of contribution to the Faltering Factories Fund will be decided within days, says board member
CBE launches programme to fund 350,000 SMEs for EGP 200bn in 4 years
Companies with annual revenues between EGP 1m and EGP 20m will receive a declining interest rate of 5% on loans
CBE programme to support SMEs boosts economic growth: Masters Securities Investment
The CBE decided to stimulate banks by offering financing loans with a maximum interest rate of 5% for SMEs
183% increase in YoY financial leasing: Head of EFSA
Land lease contracts dominate boon in financial leasing accounting for EGP 7bn
Banks seek to learn from Italy on SME field trip
Participants aim to become acquainted with the basics of international practice in the financial support of SMEs.
Amer requests bank leaders to support SMEs, arrange credit facilitations
Governor of the Central Bank of Egypt (CBE) Tarek Amer requested bank leaders operating in the local market to support small and medium-sized enterprises (SMEs) and arrange credit facilitations with corresponding banks abroad to finance import operations. Amer met with chairpersons of banks operating in the Egyptian market and their deputies Wednesday afternoon in the …
EBRD remains committed to Egypt, SMEs
EBRD presents its products to Assuit’s business community
EBRD allocates €1bn to support SMEs automotive sector
FEI to request parliament to contribute to economy reform in collaboration with civil society organisations
Europe’s job engine sputters back to life
For the first time in six years, Europe’s small and medium-sized enterprises (SMEs) are creating new jobs, according to a new report from the EU Commission. DW’s Manuela Kasper-Claridge reports from Luxembourg. Seldom was the mood so good despite the dreary weather outside as the EU executive released its latest report on the state of …
Banking Institute, Cairo Chamber of Commerce sign MoU to train SMEs sector
Training banking staff will develop banking work in a manner that suits requirements of this age
Leasing sector’s portfolio mainly goes to real estate projects: Experts
We’re still at the tip of the ice berg; there are various opportunities in the sector, says Executive Chairman at EFG Hermes Leasing
400 private, government sector representatives to discuss financial leasing legislation
Partnership Development conference seeks to integrate financial leasing in economic development plans
Entrepreneurship crucial for Egypt’s advancement: Business Sweden
The challenges facing entrepreneurs in Egypt include education, access to finance, legal regulatory framework
EBRD loans NBK – Egypt $50m to finance SMEs
The loan contract was signed on Thursday by Managing Director of NBK – Egypt, Yasser Hassan, and EBRD Director for Egypt, Philip ter Woort.
SMEs: Egypt’s broken backbone?
Banks are keen to loan to SMEs; now however is not the right time due to the high unpredictability in the economics in Egypt, says Levari Law Founder