Mashreq Bank Egypt’s portfolio of small- and medium-sized enterprises (SMEs) reached 25% of the bank’s credit portfolio, the bank said in an emailed release on March 9th.
The increase was backed by the bank’s efforts in easing the financing procedures and speeding up the process of issuing approvals, the bank’s CEO Amr El Bahey said.
The bank is currently aiming to develop new financing programs in the field of supply chain financing and other specialized programs by applying digital solutions, Ahmed Mubarak, head of SMEs sector at the bank, said.
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