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Al Baraka Bank Egypt targets EGP500mln for SME lending

Posted on 04 May 2012

Al Baraka Bank Egypt will allocate half a billion Egyptian pounds (USD 82.9 million) to finance small and medium enterprises during 2012, the Islamic lender’s managing director said.
Of this amount, EGP 100 million will be allocated for lending to SMEs through the country’s Social Fund for Development (SFD), Ashraf Al Ghamrawi told Zawya………………………………………..Full Article: Source

 
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