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In exclusive statement to Daily News Egypt, El-Etreby said that the donations have been given to a fund devoted to this matter.
The donations have been collected by banks, El-Etreby said in television statements on Wednesday, adding that employees can also make separate donations if they wish to. He noted that the Ministry of Social Solidarity is responsible for disbursing the funds as it sees fit.
Bank donations divided into four segments according to 2019 profits
Okasha as deputy chairperson, Abaza as treasurer
The CBE has instructed banks working in the local market to allocate 20% of their loan portfolios to finance SMEs. El-Etreby pointed out that NGOs were also included within this segment.
Beheira, Sharqeya, Sohag governorates receive most microfinancing; Sohag, Minya, Kafr Al-Sheikh received highest small enterprise financing
Banque Misr aims to implement a strong plan to expand in terms of products and geography
Negotiations underway with a foreign institution to obtain a $300m loan in two months, says El-Etreby
Banque Misr launched a service that allows its customers to enquire about their credit score via ATMs. Mohamed El-Etreby, chairperson of Banque Misr, said that this service is part of the bank’s strategy to adopt the latest technologies in banking services to meet the needs of its clients and provide them with unique services. This …