Regulation, Risk & Compliance
Bank financing for SMEs in Egypt reaches over $5bln
Tarek El-Kholy, Deputy Governor of the Central Bank of Egypt (CBE), said bank financing directed to small enterprises has reached around EGP 301bn, while bank and non-bank financing for microenterprises has exceeded EGP 107bn. Of this amount, around EGP 33bn represents direct financing from banks, while approximately EGP 66.5bn is…
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