Cairo – Mubasher: The National Bank of Egypt’s (NBE) portfolio for financing the small and medium-sized enterprises (SMEs) increased to EGP 33 billion by the end of 2017, said bank chairman Hisham Okasha.
Between 75% and 80% of the NBE’s financing portfolio for the SMEs were allocated to the industrial and agricultural sectors, the Middle East News Agency (MENA) reported, citing Okasha as saying.
SMEs boost the economy and provide job opportunities for the youth, Okasha added.
Okasha confirmed that the 12-month or 16-month investment certificates with the 20% revenue will not be cancelled during the current period.
