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Monday, 1 August 2016

Arab Investment Bank studies EGP 430 mn in SME financing

The Arab Investment Bank (AIBK) is studying providing EGP 430 mn in financing to SME clients, head of the SME sector at the bank Adel Taha told Al Borsa. AIBK is looking to boost the SME portfolio to EGP 2 bn by the end of 2016 and has received CBE approval to open 17 small branches in Cairo and other governorates, he added. The bank’s total SME portfolio is valued at EGP 1.6 bn, or 30% of its total loan portfolio, said Taha.

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