The small- and medium-sized enterprises (SMEs) unit in the Egyptian Banking Institute (EBI) has organised a field visit to Malaysia in order to learn about the best international practices in the field of financing and serving these projects.
The visit was part of the Central Bank of Egypt’s (CBE) initiative to facilitate the provision of bank financing for SMEs to boost production and achieve sustainable development.
Several bank representatives took part in the visit, including those of Banque Misr, Blom Bank, Qatar National Bank (QNB), Emirates NBD Bank, Misr Iran Development Bank (MIDB), the Export Development Bank of Egypt (EDBE), the Arab Investment Bank, Barclays, Credit Agricole, and the Arab International Bank.
According to EBI, the goal of the visit was to identify the scientific basis used by the Malaysian side to support SMEs as a main component of the economic and social development support programme, which can be utilised in the Egyptian environment. Another goal was to learn the basis of applying the best international practices to serve these projects and exchange experiences between the Egyptian and Malaysian sides.
The visit included several financial and non-financial institutions in Malaysia, including Bank Negara Malaysia (BNM), RHB Bank, Agro Bank, the Small and Medium Enterprise Bank (SME Bank), Credit Guarantee Corporation (CGC), Malayan Banking Berhad (Maybank), Malaysian Industrial, Development Finance Berhad (MIDF), Alliance Bank Malaysia Berhad, SME Corp, and CIMB Bank.