{"id":599551,"date":"2019-01-02T04:14:27","date_gmt":"2019-01-02T04:14:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/"},"modified":"2019-01-02T04:14:27","modified_gmt":"2019-01-02T04:14:27","slug":"efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/","title":{"rendered":"EFG Hermes, HSBC agree to make available EGP 400 mn in financing for SMEs"},"content":{"rendered":"

EFG Hermes Leasing and HSBC Egypt have agreed to allow SMEs access to EGP 400 mnin leasing and financing servicesduring 2019, according to an EFG statement<\/a>. The agreement, aimed to provide SMEs with low interest rates as well as medium- and long-term funding to support both capex and cash flows, comes as the government rallies behind SMEs as a major driving force for economic growth. \u201cWe are very excited for this [chance] to combine our experience with that of HSBC Egypt to deliver innovative financing solutions for various SMEs in the local market,\u201d EFG Hermes Leasing\u2019s CEO Ahmed El Kholy said.<\/p>\n","protected":false},"excerpt":{"rendered":"

EFG Hermes Leasing and HSBC Egypt have agreed to allow SMEs access to EGP 400 mnin leasing and financing servicesduring 2019, according to an EFG statement. The agreement, aimed to provide SMEs with low interest rates as well as medium- and long-term funding to support both capex and cash flows, comes as the government rallies […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9315],"tags":[9080,72,490,2390,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599551","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-efg-hermes-leasing","tag-enterpriseam","tag-hsbc","tag-other-business-news-of-note","tag-smes","wpautop","entry"],"acf":{"mongo_id":"edc0143f-8efa-4d93-87bd-e12a57c5c6c8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599513],"teaser":"","voice_url":""},"yoast_head":"\nEFG Hermes, HSBC agree to make available EGP 400 mn in financing for SMEs - 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\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes, HSBC agree to make available EGP 400 mn in financing for SMEs\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes Leasing and HSBC Egypt have agreed to allow SMEs access to EGP 400 mnin leasing and financing servicesduring 2019, according to an EFG statement. The agreement, aimed to provide SMEs with low interest rates as well as medium- and long-term funding to support both capex and cash flows, comes as the government rallies […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-02T04:14:27+00:00\" \/>\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\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG Hermes, HSBC agree to make available EGP 400 mn in financing for SMEs\",\"datePublished\":\"2019-01-02T04:14:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/\"},\"wordCount\":113,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EFG Hermes Leasing\",\"EnterpriseAM\",\"HSBC\",\"Other Business News of Note\",\"SMEs\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/efg-hermes-hsbc-agree-to-make-available-egp-400-mn-in-financing-for-smes\/\",\"name\":\"EFG Hermes, HSBC agree to make available EGP 400 mn in financing for SMEs - 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The company\u2019s current financial leasing portfolio is worth some EGP 3.5 bn, 16% of which is focused on SMEs.","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":574836,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/23\/paytabs-offers-services-without-charge-to-smes-for-three-months-starting-october\/","url_meta":{"origin":599551,"position":3},"title":"PayTabs offers services without charge to SMEs for three months starting October","author":"enterpriseam admin","date":"23 September 2020","format":false,"excerpt":"Small businesses are getting access to EFG Hermes\u2019 online payment platform PayTabsEgypt\u2019s gateway services for three months at no charge, according to a statement (pdf). 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