Al Baraka Egypt Bank to launch new SME product in December 2016
Al Baraka Bank Egypt said that it would launch a new product geared to finance Egyptian SMEs this December 2016. As part of the Central Bank of Egypt (CBE)’s initiative to promote SME financing, Al Baraka Bank Egypt will launch a 5% interest rate product for SME lending, the bank’s CEO Ashraf El-Ghamrawy said on Thursday. The bank has established a new SMEs division, which will become operational in early 2017, El-Ghamrawy said. (Amwal Al Ghad) Al Baraka Bank Egypt: EGP8.50 as of 20 October 2016, Rating: Neutral, FV: EGP9.97 per share, MCap: USD131mn, SAUD EY / SAUD.CA
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.