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ABE pumps EGP 2bn into Egypt’s national livestock project: Chairperson
ABE has provided about EGP 120m in finance to 300 projects under Agriculture Ministry, says Alaa Farouk
ABE to install 25,000 POS terminals at agricultural entities nationwide: Chairperson
Bank has issued about 1.6m Meeza cards and 85,000 smart cards to farmers, says Alaa Farouk
ABE, Giza Commerce Chamber to cooperate on developing poultry production
The protocol will also facilitate the establishing of poultry farms and slaughterhouse projects, as part of the state and Central Bank of Egypt (CBE) initiative to fund small projects with 5% declining interest rate.
Ministry of Agriculture, ABE cooperate to support poultry farmers, milk collection centres
The protocol was signed by Alaa Farouk Zaky, Chairperson of the bank and Moustafa El Sayyad, Deputy Minister of Agriculture for Livestock, Fisheries and Poultry Affairs.
El Sayed El Kosayer: from reforming ABE to the Agriculture Ministry
El Kosayer worked to restructure the Industrial Development and Workers Bank of Egypt in 2011 then moved in April 2016 to lead the Principal Bank for Development and Agricultural Credit and turned it into the Agricultural Bank of Egypt (ABE).
SMEs account for 61% of the total ABE loan portfolio: ElKosayer
Bank pumped EGP 19bn to about 900,000 SMEs
ABE signs cooperation protocol with World Food Programme
It’s part of bank’s efforts to support, finance development projects, especially in rural areas, ElKosayer
ABE participates in launching digital platform for agriculture
This platform recognises the ABE’s role in the digital transformation in Egypt, Chairperson of the ABE Elsayed Elkosayer said.
ABE to develop digital structure, train workers: ElKosayer
Bank is targeting to issue 2.5 million Meeza cards in three years
New role, form for ABE in coming period: ElKosayer
Bank embarked on comprehensive restructuring, development process based on extensive support received from CBE
Five banks start issuing prepaid cards to pay government dues electronically
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
CBE extends its initiative to support defaulters at ABE until June
Troubled debts up to EGP 4bn to be settled over nine months, including EGP 929m for 11,404 clients in CBE, says El Kosayer
CBE approves issuing EGP 870.3m worth ‘Aman’ certificates
NBE, Banque Misr, Banque du Caire, ABE started offering certificates in March 2018
Six important targets for ABE to achieve in 2019: Chairperson
‘We aim to increase bank’s role in microfinance, financial inclusion, expand e-payments’: Elkosayer
ABE general assembly adopts bank’s articles of association
Assembly decision last measure to complete implementation of Law 84 for merger of Upper, Lower Egypt banks into main bank: Elkosayer
MSMEs account for 75% of ABE’s loans portfolio by end October: chairperson
Bank pumped EGP 605m to 1,314 clients in CBE’s initiative, says Elkosayer
ABE launches Agri Phone service with e-finance, Progress Soft
Bank aims to provide new mobile payment channels in line with technology, latest solutions: Elkosayer
30% of ABE loans allocated to farmers, crop production: bank chairperson
Animal production projects receive 25% of portfolio, 20% for mechanisation projects, 25% individual, consumption, workers’ loans, says ElKosayer
ABE, Misr El Kheir Foundation cooperate for rehabilitation, operation of suspended livestock production stations
Bank’s cooperation with Misr El Kheir Foundation’s Ard El Kheir amounted to EGP 310m injected to 740 beneficiaries to raise 14,740 cattle: Elkosayer
ABE to offer global tender in 6 months to develop its technological structure: Chairperson
We addressed 26,000 defaults in EGP 1.5bn debts, settled 2,700 worth EGP 175m, says Elkosayer
SMEDA, ABE sign EGP 50m worth contract to support agricultural, livestock projects
Contracts signed between SMEDA, ABE since 1992 reached EGP 2.8bn
ABE, Bashaier sign protocol to introduce clients to agricultural marketing services
Protocol will allow both parties to implement marketing packages serving agricultural community, says Gomaa
SMEDA signs agreements with United Bank, ABE worth EGP 170m to finance small ventures after Eid
We aim to inject EGP 3bn to finance small and micro enterprises, says Gamea
ABE issues 168,000 Aman El-Masreen certificates worth EGP 183m in five months
Aman certificates’ outcome confirmed bank’s role in supporting state plan of financial inclusion, says Elkosayer
ABE signs technical, structural support agreement with RIAS, SANAD
Agreement aims to benefit ABE from experiences of Dutch Rabobank in supporting comprehensive reform, development plan, says Elkosayer
ABE settles outstanding debts for 480 customers worth EGP 38m within CBE initiative: chairperson
Bank’s bad debt portfolio declined to 13% of total loan portfolio, aims to reduce it to 10% by end of 2018, says Elkosayer
ABE, Ministry of Irrigation sign joint cooperation protocol in field of funding modern irrigation projects
Bank will fund these projects within framework of its role in achieving rural, agricultural development
ABE aims to become largest small projects bank in Egypt: chairperson
We are racing against time to completebank’s restructuring process, prepare it to take on a bigger role in serving national economy across various fields: Elkosayer
ABE injects EGP 300m into veal project over 7 months: chairperson
Bank offered loans to 2,158 customers to feed, fatten 22,400 cattle nationwide, intends to inject further EGP 200m in project soon
ABE issued 139,000 Aman certificates worth EGP 163m: chairperson
We have other requests worth EGP 88m, sales mostly of EGP 500, EGP 2,500 certificates, says ElKosayer