Banque du Caire participated in the traditional crafts and local industries initiative, a new initiative that aims to support small and micro enterprises in Upper Egypt, according to Mounier El-Zahed, chairperson and CEO of the bank. He also said that the extensive experience Banque du Caire has in the field of financing small, medium, and micro enterprises qualifies it to take the lead among other banks in serving that sector. The initiative also offers training on the latest marketing techniques, training those who want to establish small- and medium-sized enterprises on how to recognise market needs, in addition to monitoring product quality. In the same context, El-Zahed said that 2016 was a success for Banque du Caire in the field of small, medium, and micro enterprises, as it succeeded to increase the size of its portfolio to about EGP 3bn. With regards to financing micro enterprises, El-Zahed said that the bank has a special product for these enterprises.

Source: Daily News Egypt January 18, 2017 08:13 UTC