Minister: Nasser Social Bank Succeeds to Increase Wallet of Retail Banking Finance to EGP 50blnSource: www.export-egypt.com 6/1/2024, Location: Africa |
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Minister of Social Solidarity and Board Chairman of Nasser Social Bank Nivine el Kabbag said that the bank succeeded in increasing the wallet of the retail banking finance to EGP 50 billion in the form of personal finance, which is the most important and biggest finance presented by the bank to the pensioners and employees of the public and private sectors.
The finances in the bank vary according to the different bank products, including the kinds of finance, its value and the purpose of it, First Deputy of Board Chairman of the bank Mohamed Abdel Fadeel said in press statements. The finances go to micro and small enterprises which include nurseries, technological devices, residential units furnishing, cars, opportunities of grants and studying internally and externally in addition to financing “Mastoura” program which aims at economic empowering of women. These finances, which are reimbursed on installments for ten years and with a distinguished revenue, lead to improving the income of families. |
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