Back to the complete issue
Tuesday, 16 June 2020

EBRD to provide NBE USD 100 mn to support SMEs impacted by covid-19

EBRD to provide NBE with USD 100 mn for on-lending to SMEs impacted by covid-19: The European Bank for Reconstruction and Development (EBRD) has agreed to provide the National Bank of Egypt (NBE) USD 100 mn for on-lending to SMEs hurt by covid-19, NBE Deputy Chairman Yehia Aboul Fotouh tells Masrawy. The EBRD had approved last week a separate USD 100 mn funding agreement for the National Bank of Kuwait Egypt to onlend to the private sector.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.