Egyptian banks provide $179mln to factories – CBE – ZAWYA

Egyptian banks provide $179mln to factories – CBE – ZAWYA

Cairo - Banks in Egypt have provided EGP 2.8 billion in finances as part of an initiative to support industrial projects, according to deputy governor of the Central Bank of Egypt (CBE) Gamal Negm.. The number of beneficiaries from the CBE's initiative, launched late last year, reached 115 by 20 February, Negm said in a press event on Wednesday.. Last December, the Egyptian government launched an EGP 100 billion initiative with the CBE to fund industrial projects.. The content of the article is syndicated or provided to this website from an external third party provider..