Banque du Caire (BdC) has secured a USD 30 mn loan from the Kuwait Fund for Arab Economic Development to increase SME financing, the bank’s head of SME banking, Nader Saad, told Mubasher. Sources told the newspaper at the end of June that the bank was in talks with the Micro, Small & Medium Enterprises Development Agency over a EGP 200 mn loan. BdC’s quarterly net profits almost tripled to EGP 1.21 bn in 1Q2019.

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