China's c. bank issues 226.2b yuan off reverse repo    Egyptian pound steady vs. USD in early trade    EU prepared to retaliate with €21b tariff package – Italy's FM    Al-Sisi reaffirms Egypt's commitment to African security, development at AU Mid-Year Summit    Dozens of Palestinians killed by Israeli fire near Gaza aid site    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt and Italy mark 50 years of science partnership, discuss future cooperation    Egypt's Contact insurance arms, Germany's GIZ partner on SMEs, gender equity    Egypt establishes Real Estate Market Regulation Unit to oversee sector transparency    Sri Lanka's expat remittances up in June '25    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico discuss environmental cooperation, combating desertification    Lavrov warns against anti-Russia alliances in Asia during North Korea visit    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Egypt's EDA, Haleon discuss local market support    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



IDWBE Considers Granting EGP20 mln Loan to ABA for Micro-Projects
Mohamed Hamdy Published in Amwal Al Ghad on 03 - 02 - 2014

Industrial Development &Workers Bank of Egypt (IDWBE) is considering granting Alexandria Business Association (ABA) loan worth EGP20 million in order to re-lending in micro sized projects.
Hamdi Azzam – Executive Board Member at IDWBE said the main purpose from the financing is to make the best use of customers base and for the bank's expansion in micro sized projects.
He explained that the bank pumped EGP25 million in favor of Assiut Business Association (ASBA) during the last year in order to re-financing for micro projects.
The total IDWBE's funds for micro and medium sized projects reached EGP450 million within 2013 compared to EGP350 million in 2012-end.
The bank is aiming to obtain fresh financing package for these projects after getting EGP100 million divided to contract worth EGP75 million for the current account in debtor, and to launch new one with EGP25 million for livestock and foodstuff projects in the light of the bank's expansion for financing the sector.

Clic here to read the story from its source.