By: Islam Fadl
Cairo – Mubasher: The Egyptian Credit Bureau's “I-Score” movable collateral has reached EGP 445 billion since March, the company’s chairman Mohamed Kafafi said.
The number of movable collateral registries has recorded 13,000, he added on the sidelines of the Federation of Egyptian Banks’ (FEB) conference.
The Egyptian company has signed 57 contracts with 35 banks and 21 companies including a microfinance company and the Micro, Small & Medium Enterprise Development Agency (MSMEDA), Kafafi revealed.
I-Score is set to ink an agreement with the General Directorate of Traffic and the Central Bank of Egypt (CBE), the top official stated.
Translated by: Muhammad Khalid
