The 18th session of the “People and Banks” Economic Conference, which was organized by the Arab Media Center, witnessed the honoring of Alaa Farouk, Minister of Agriculture and Land Reclamation, in view of his experience and banking achievements over the past 40 years.
The conference activities were attended by Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, Dr. Mostafa Al-Feki, Chairman of the Arab Media Center, Tarek Al-Khouly, Deputy Governor of the Central Bank, Mohamed Al-Etreby, President of the Egyptian Banks Union and CEO of the National Bank, Hisham Okasha, CEO of the Bank of Egypt, and Yahya Abu Al-Futouh. Executive Vice President of the National Bank, and an elite group of bankers and private sector companies.
Alaa Farouk, Minister of Agriculture and Land Reclamation, has great banking experience that has continued over many years, during which he held many positions, the most recent of which is President of the Agricultural Bank, in which he has made a major breakthrough since assuming his presidency in 2020, as he succeeded in implementing an exceptional plan to develop the bank during the four years that he held. He held this position before being appointed Minister of Agriculture, with the bank re-evaluating the banking sector and creating a stronger brand.
Farouk succeeded in formulating the largest development and restructuring process in the history of the Agricultural Bank to keep pace with the rapid development in the Egyptian banking sector, enabling him to lead the engine of rapid economic development witnessed by the country, as he launched a package of diverse and innovative banking services and products to meet the needs of his various clients.
Farouk also succeeded in developing the bank’s performance to serve Egyptian state projects, and in maintaining the important role of the Agricultural Development Bank in financing agricultural projects and related industrial activities and stimulating investment in the agricultural sector in all its productive fields.
Farouk linked the bank’s plans to the state’s vision of maximizing productivity and added value to the agricultural sector in Egypt, to increase the volume of agricultural and livestock production to bridge the food gap and achieve food security for citizens, and to support productive sectors by expanding financing for large, medium and small projects.
Farouk adopted a strategy to develop and restructure all sectors of the bank, in addition to the credit policies he approved to link financing to production and serious projects.
