The European Investment Bank and Banque Misr today formally agreed to strengthen cooperation to further strengthen support for SME lending - press photoCAIRO - 13 July 2022: The European Investment Bank and Banque Misr today formally agreed to strengthen cooperation to further strengthen support for SME lending and increase financing for companies in sectors most impacted by the COVID 19 pandemic. The two new technical assistance programmes were launched in Cairo earlier today by EIB Vice President Gelsomina Vigliotti and Banque Misr Vice Chairman Akef El Maghraby at Banque Misr’s headquarters. “Banque Misr and the European Investment Bank are supporting transformational private sector investment by Egyptian companies across the country. “The European Investment Bank is committed to supporting private sector investment in cooperation with leading local financial partners. The second initiative will enable Banque Misr to better identify bankable sustainable private sector investment projects and develop new financial products targeted for SMEs.
