17.10.2012 - Egypt’s NBD allocates EGP 200 mln to finance micro-enterprises
National Bank for Development (NBD) has allocated EGP 200 million towards providing funding for small and micro enterprises, and designed a comprehensive range of funding programmes that are Shari'ah-compliant. Nevine Loutfy, CEO and Managing Director of NBD, said, "The bank's aim from offering Shari'ah-compliant micro-financing is to address the banking needs of a market segment that has been largely marginalised in terms of receiving financing services, with the end goal of elevating their standard of living and encouraging entrepreneurship."..............................................Full Article: Source
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