The Housing and Development Bank (HDB) is focused on financing four major sectors of small- and medium-sized enterprises (SME), which include the medical, agriculture, food, and energy sectors, according to vice chairperson Essam Abou Hamed. Abou Hamed said the bank has established criteria to select customers, giving it a clear vision and a complete picture of how to reach customers and SMEs everywhere. The bank funds microenterprises through companies and associations specialised in dealing with these kinds of projects, he said. The bank will focus on other economic sectors in the upcoming period, including the industrial sector, particularly medicine, food, and petrochemical industries, Abou Hamed said. Any other industries that direct a large part of its production for exports or industries that replace imports are also being considered.

Source: Daily News Egypt December 04, 2016 06:45 UTC