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NBE allocates EGP37bn for financing SMEs

Source: www.export-egypt.com 8/15/2016, Location: Africa

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Chairman of Retail & SMEs Sectors at the National Bank of Egypt (NBE) Hazem Hegazy asserted that the NBE allocated about EGP37 billion for financing Small and Medium Enterprises (SMEs) in the new FY, at an increase of EGP9 billion.

He pointed out that the new financial package, allocated by the bank, included financing the 1.5 million feddans project.

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