Alaa Farouk, Chairperson of the ABE, stressed that this comes within the framework of the Bank’s keenness to diversify its banking and financing services in all governorates, support emerging, small and medium enterprises, and encourage entrepreneurs to launch their projects, especially in the fields of manufacturing, agriculture and digital transformation.
The bank is also facilitating supply operations from farmers and receiving all wheat supplied from them provided that it conforms to the specifications and terms of supply.
Bank pumps nearly EGP 12bn to finance agricultural loans from mid-June 2020 to 2021-end
Bank plans to expand branch network to 2,000 branches over 5 years: Chairperson Farouk
Permanent branch in same area to be set up soon and include entrepreneurship centre, says Chairperson Alaa Farouk
ABE has provided about EGP 120m in finance to 300 projects under Agriculture Ministry, says Alaa Farouk
Bank has issued about 1.6m Meeza cards and 85,000 smart cards to farmers, says Alaa Farouk
It’s part of bank’s efforts to support, finance development projects, especially in rural areas, ElKosayer
We addressed 26,000 defaults in EGP 1.5bn debts, settled 2,700 worth EGP 175m, says Elkosayer
Protocol will allow both parties to implement marketing packages serving agricultural community, says Gomaa
Aman certificates’ outcome confirmed bank’s role in supporting state plan of financial inclusion, says Elkosayer
Agreement aims to benefit ABE from experiences of Dutch Rabobank in supporting comprehensive reform, development plan, says Elkosayer
Bank offered loans to 2,158 customers to feed, fatten 22,400 cattle nationwide, intends to inject further EGP 200m in project soon
We have other requests worth EGP 88m, sales mostly of EGP 500, EGP 2,500 certificates, says ElKosayer
Mobile vehicles enable bank employees to reach all citizens who are not used to dealing with banks in villages, hamlets across various governorates The Agricultural Bank of Egypt (ABE) has launched 20 mobile service vehicles to offer banking services across the branches of the ABE in the villages and cities of the governorates of Giza, …
The Agricultural Bank of Egypt (ABE) and Visa Inc have entered into a strategic partnership agreement which includes, in its first phase, the training of 400 ABE employees who deal directly with customers to improve the bank’s level of products and services within the framework of achieving the principle of financial inclusion. Elsayed Elkosayer, chairperson …
The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with e-Finance for issuing the bank’s electronic portfolio through mobile to the bank’s customers. According to ABE Chairperson Elsayed Elkosayar, this service allows customers to pay bills, deposit, withdraw, and transfer from one portfolio to another, track their accounts and pay instalments in an …
ABE directs about 80% of loan portfolio to agricultural, livestock sectors, associated activities
The Agricultural Bank of Egypt (ABE) has provided EGP 45m to about 253 clients, part of its national project to revive veal, to finance the purchasing of 3,199 cattle and feed 2,766 of them. According to Sayed Elkosayer, chairperson of the bank, total ratified approvals for the project have reached EGP 180m. He explained that …
Bank to sign EGP 50m contract with MSMES Development Agency to finance women’s projects before year-end
ABE funds establishing of the first model village for animal and agricultural production in the New Valley
