{"id":547814,"date":"2022-07-07T03:57:09","date_gmt":"2022-07-07T03:57:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/"},"modified":"2022-07-07T03:57:09","modified_gmt":"2022-07-07T03:57:09","slug":"smes-get-a-little-help-from-the-eib","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/","title":{"rendered":"SMEs get a little help from the EIB"},"content":{"rendered":"

<\/a> EIB and Banque Misr to increase support for SMEs + covid-hit sectors: <\/strong>The European Investment Bank (EIB) and Banque Misr have launched two new technical assistance programs to increase support for SMEs and sectors hit by covid-19, the lender said in a statement<\/a> yesterday.<\/p>\n

About the programs: <\/strong>The SME-targeted program will help Banque Misr increase financing for SMEs through strengthening SME credit risk management and adoption of best financing practices. The second initiative \u2014 part of the EU\u2019s Trade and Competitiveness Program \u2014 will allow Banque Misr to \u201cidentify bankable sustainable private sector investment projects and develop new financial products targeted for SMEs,\u201d which will help the bank support companies that were hardest hit by the pandemic.<\/p>\n

What they said: <\/strong>\u201cThe EIB is committed to supporting private sector investment in cooperation with leading local financial partners \u2026 This builds on the success of EUR 1.75 bn of EIB backed credit lines managed by Banque Misr agreed over the last five years,\u201d EIB VP Gelsomina Vigliotti said. This came during Vigliotti\u2019s four-day visit to Egypt, during which she discussed the bank\u2019s support for Egypt\u2019s climate goals and food and energy security with senior government officials.<\/p>\n","protected":false},"excerpt":{"rendered":"

EIB and Banque Misr to increase support for SMEs + covid-hit sectors: The European Investment Bank (EIB) and Banque Misr have launched two new technical assistance programs to increase support for SMEs and sectors hit by covid-19, the lender said in a statement yesterday. About the programs: The SME-targeted program will help Banque Misr increase […]<\/p>\n","protected":false},"author":1,"featured_media":547815,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7576],"tags":[204,576,101,72,760,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-banking","tag-banque-misr","tag-development-finance","tag-enterpriseam","tag-european-investment-bank","tag-smes","wpautop","entry"],"acf":{"mongo_id":"23fe2e14-03e9-4d3f-87ff-6b4de2d3a464","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/155.jpg","photo_position":"above","related_issue":[547808],"teaser":"","voice_url":""},"yoast_head":"\nSMEs get a little help from the EIB - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMEs get a little help from the EIB\" \/>\n<meta property=\"og:description\" content=\"EIB and Banque Misr to increase support for SMEs + covid-hit sectors: The European Investment Bank (EIB) and Banque Misr have launched two new technical assistance programs to increase support for SMEs and sectors hit by covid-19, the lender said in a statement yesterday. About the programs: The SME-targeted program will help Banque Misr increase […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-07T03:57:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/155.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SMEs get a little help from the EIB\",\"datePublished\":\"2022-07-07T03:57:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/\"},\"wordCount\":201,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/155.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"Banque Misr\",\"development finance\",\"EnterpriseAM\",\"European Investment Bank\",\"SMEs\"],\"articleSection\":[\"Development finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/smes-get-a-little-help-from-the-eib\/\",\"name\":\"SMEs get a little help from the EIB - 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The loans would be provided to SMEs impacted by the covid-19 pandemic to finance working capital. The EIB signed off in July on a combined\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594158,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/eib-agrees-eur-500-mn-credit-line-to-banque-misr-to-support-smes\/","url_meta":{"origin":547814,"position":1},"title":"EIB agrees EUR 500 mn credit line to Banque Misr to support SMEs","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"The European Investment Bank (EIB) has signed a EUR 500 mn financing agreement with Banque Misr to support SMEs and midcaps across Egypt, according to an EIB statement. The credit line is contingent on the businesses receiving funding from Banque Misr complying with the EIB\u2019s environmental and social standards, the\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593377,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/26\/egypts-banque-misr-doubles-smes-credit-line-with-eib\/","url_meta":{"origin":547814,"position":2},"title":"Egypt\u2019s Banque Misr doubles SMEs credit line with EIB","author":"enterpriseam admin","date":"26 November 2019","format":false,"excerpt":"Banque Misr has signed an agreement to double its SMEs financing credit line at the European Investment Bank (EIB) to EUR 1 bn, Al Mal reports. The EIB has just recently extended the credit line, saying it would support SMEs and midcaps across Egypt. In related news, the EIB is\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577204,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/eib-could-commit-usd-1-5-bn-in-new-financing-to-egypt\/","url_meta":{"origin":547814,"position":3},"title":"EIB could commit USD 1.5 bn in new financing to Egypt","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"EIB could invest in water projects in Egypt: The European Investment Bank (EIB) plans to commit USD 1.5 bn in new financing to Egypt, primarily focusing on water treatment, the bank\u2019s VP, Gelsomina Vigliotti, told Bloomberg Asharq on the sidelines of the COP27 summit. Vigliotti didn\u2019t provide further information about\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575167,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/05\/eib-approves-eur-750-mn-loan-for-egypts-smes-world-bank-mulls-railway-funding\/","url_meta":{"origin":547814,"position":4},"title":"EIB approves EUR 750 mn loan for Egypt\u2019s SMEs, World Bank mulls railway funding","author":"enterpriseam admin","date":"5 October 2020","format":false,"excerpt":"DEBT WATCH- The European Investment Bank (EIB) has approved a EUR 750 mn facility for Banque Misr to on-lend to SMEs impacted by the covid-19 pandemic to finance working capital, according to the bank\u2019s website. The facility has been in the pipeline since mid-August. The EIB signed off in July\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622118,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/27\/eib-agrees-eur-250-mn-loan-to-banque-misr-to-support-smes\/","url_meta":{"origin":547814,"position":5},"title":"EIB agrees EUR 250 mn loan to Banque Misr to support SMEs","author":"enterpriseam admin","date":"27 November 2018","format":false,"excerpt":"EXCLUSIVE- EIB inks EUR 250 mn loan to Banque Misr to support SMEs: The European Investment Bank (EIB) has signed a EUR 250 mn financing agreement with Banque Misr to support small and medium-sized enterprises (SMEs), an EIB source told Enterprise. 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