Dante Campioni, managing director and CEO of ALEXBANK, said that the small and medium enterprises (SMEs) portfolio at the bank amounted to EGP 3bn, noting that the bank is very interested in financing the sector. This will allow better access to the financial resources needed to sustain their growth, bringing more efficiency to the Egyptian economy as well. Mohamed Omran, chairperson of the EGX, said that supporting SMEs is among the top priorities on the EGX‘s future agenda. “We strive to support this promising sector and help it grow,” he stressed. He pointed out that NILEX is one of the important tools available to support SMEs, through the inclusion of areas outside of Cairo and Alexandria.

Source: Daily News Egypt March 19, 2017 14:48 UTC