Latest in Tag: ABE Highlight
Latest in Tag: ABE
To mark Farmer’s Day, Agricultural Bank offers new facilities in ‘Bab Rizq’ microfinance programme
Bank plans to expand branch network to 2,000 branches over 5 years: Chairperson Farouk
Agricultural Bank of Egypt installs 750 ATMs in rural areas
This is considered a record period compared to the challenges facing the installation and operation of ATMs, especially in villages.
Agricultural Bank of Egypt’s loan portfolio reaches EGP 46.37bn in April: Chairperson
Deposits up EGP 15bn from March 2020 through April 2021
CBE to provide ABE additional EGP 1bn to finance livestock project
Approval from CBE raises lending portfolio for this project to EGP 3bn, says ABE Chairperson Alaa Farouk
Agricultural Bank of Egypt grants EGP 31bn in MSME loans during 2020
Bank allocates 70% of loans to agricultural SMEs, says Chairperson Alaa Farouk
ABE makes notable contribution to sector revival, countryside development: Chairperson
Bank sees huge increase in loan portfolio to EGP 44.5bn in 2020, of which EGP 31bn directed to MSMEs, says Alaa Farouk
Agricultural Bank of Egypt to settle EGP 6.3bn in bad debt for 238,000 farmers
Initiative includes EGP 3.9bn for principal debt and EGP 2.4bn for accumulated returns
Agricultural Bank of Egypt explores development opportunities in Minya
Bank agrees to finance agricultural, livestock production projects, and to apply modern irrigation systems in Minya, says Chairperson Alaa Farouk
ABE to launch temporary branch south Alamein to serve 1.5m feddan project
Permanent branch in same area to be set up soon and include entrepreneurship centre, says Chairperson Alaa Farouk
ABE signs agreement to finance 1.5 million-feddan reclamation project
Farouk emphasized ABE’s keenness to cooperate with the Ministry of Agriculture and the Egyptian Countryside Development Company to contribute to the success of the 1.5 million-feddan project.
ABE Chairperson explores finance schemes for agricultural projects in Toshka
Farouk said that the ABE’s field visits to inspect agricultural projects across Egypt aim to provide full support and financing for these projects. They also come in implementation of President Abdel Fattah Al-Sisi’s directives to maximise the preferential advantages enjoyed by the agricultural sector.
Agricultural Bank of Egypt targets 30-million customer base over 5 years
Financing programme for needy families, rural women, and craftsmen to be launched soon
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