Egypt PM warns of higher oil prices from regional war after 1st Crisis Committee meeting    Egypt's Foreign Minister discusses Mideast de-escalation with China FM, EU Parliament President    Egypt's FM, China's Wang discuss Iran-Israel escalation    Gold prices slips slightly ahead of Fed decision    Egypt targets top 50 global business readiness ranking with key reforms    Egypt's nuclear watchdog says no radiological threat amid regional events    Egypt's gold prices fall for 3rd day on Wednesday    Egypt sets 3-month goal to join world's top 50 in business readiness: minister    Egypt's PM urges halt to Israeli military operations    UN Palestine peace conference suspended amid regional escalation    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Serbian PM calls trade deal a 'new page' in Egypt ties    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    LTRA, Rehla Rides forge public–private partnership for smart transport    Sisi launches new support initiative for families of war, terrorism victims    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    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    Egypt's FM inspects 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.



NBE to Ink 5 Agreements with SFD worth EGP850mn by October
Mohamed Hamdy Published in Amwal Al Ghad on 22 - 09 - 2014

National Bank of Egypt (NBE) will sign 5 agreements with the Social Fund for Development (SFD) worth EGP850 million by the next month.
NBE's Deputy Head of Small and Medium-Sized Enterprises Division, Saad Mohy Eldeen told Amwal Al Ghad that the new contracts will be directed to finance small and medium projects along with the current account debtor and Furniture projects.
On the other hand, SFD's General Secretary Hanaa El Hilaly added that the fund is considering signing new contracts with banks, NBE, Housing and Development Bank(HDB) and United Bank are in the forefront.
The total concluded contracts between the bank and the fund since the beginning of the deal in 1992 are around EGP7.8 billion to implement 99 contracts through financing more than 136 thousand projects.

Clic here to read the story from its source.