Speed Round

EBRD to provide NBE USD 100 mn to support SMEs impacted by covid-19

by enterpriseam adminEgypt Edition16 June 2020

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EBRD to provide NBE with USD 100 mn for on-lending to SMEs impacted by covid-19: The European Bank for Reconstruction and Development (EBRD) has agreed to provide the National Bank of Egypt (NBE) USD 100 mn for on-lending to SMEs hurt by covid-19, NBE Deputy Chairman Yehia Aboul Fotouh tells Masrawy. The EBRD had approved last week a separate USD 100 mn funding agreement for the National Bank of Kuwait Egypt to onlend to the private sector.

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covid-19 debt Finance NBK Egypt small and medium enterprises small businesses SMEs SPEED ROUND Yehia Aboul Fotoh

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