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Barclays Egypt to launch EGP 100m investment fund in 2016
Mohamed Abdel Megeed Published in Albawaba on 28 - 10 - 2015

Shady Kamal, Head of Executive Management of Barclays Egypt Bank, said the bank aims to launch its first investment fund in 2016 with initial capital of EGP 100m, Al-Bawaba News reported Wednesday.
He said the fund aims to attract liquidity from individuals and institutions to invest in fixed income instruments, pointing out that Belton Financial will assume the management of the new fund.
Moreover, Kamal affirmed that the bank injected about EGP 1bn loans to companies during the first nine months of 2015, bringing the loans and credit facilities portfolio to EGP 4.2bn, while the credit portfolio amounted to EGP 6.8bn.

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