Thursday 12/December/2024 – 09:23 PM
said Mohamed Shawqi, President Small and medium enterprises And micro projects at the Agricultural Bank of Egypt. The bank supports small and micro projects greatly, noting that the bank has about 1,140 branches across the governorates of the Republic.
49 billion pounds, the size of the financing portfolio for medium and small companies by the end of October
Shawky added in special statements to Cairo 24, on the sidelines of the opening of the Our Heritage 2024 exhibition in its sixth session, that the bank possesses about 49 billion pounds, the size of the financing portfolio for small, medium and micro enterprises at the end of last October, and we aim to reach the financing portfolio to levels ranging between 84.5 and 90. One billion pounds by the end of this year 2024.
The head of small, medium and micro enterprises at the Agricultural Bank of Egypt indicated that the bank aims to increase growth rates further, and to finance customers from the beginning of its journey until the completion of export abroad, and we have financing programs from 15 thousand pounds, up to 50 thousand pounds, with an interest rate of 12 For 14%, and when the client achieves about one million pounds in revenue, he falls within the Central Bank’s initiative for small projects.
Muhammad Shawqi noted that the bank is targeting growth rates between 25 and 30% for the size of the financing portfolio as a whole, with the launch of other electronic programs and the launch of internet banking services to keep pace with developments, during the next year 2025.
The Prime Minister opens the “Our Heritage” exhibition for traditional handicrafts
Dr. Mostafa Madbouly, Prime Minister, opened the “Our Heritage 2024” exhibition, in its sixth session, for heritage handicrafts, at the Al-Manara Center for International Conferences and Exhibitions in the Settlement, next to Al-Moshir Mosque.
