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Bank grants 11,000 customers EGP 1.2bn within mortgage financing initiative
We continue to support and develop Egyptian industries to achieve sustainable development: Fahmy
The financing is offered at 5% and 7% interest rates, as part of the Central Bank of Egypt (CBE)’s Mortgage Finance Initiative.
Bank is moving to open branches, plans to launch a number of e-banking services in next few months
Bank’s credit portfolio increased to EGP 11bn end-July, of which EGP 1.6bn were loans to individuals, and EGP 3.2bn to SMEs, says Azzam
We need cultural reform plan to develop people’s awareness that to thrive we need to increase production
Deposits up by EGP 5bn in 1 year, loans grew by 21%
We are working on new beginning of bank to serve economy, especially industrial sector, retail development purposes, provision of modern technological services: Fahmy
The Minister of Trade and Industry Amr Nassar said that this agreement comes within the framework of the ministry’s keenness to activate the role of specialised banks in financing commercial and industrial projects.
We aim to overcome financial position problem, deferred losses by end of 2018, followed by increasing capital, says Fahmy