EGP143 billion.. Financing from National Bank of Egypt to Small Projects

The National Bank of Egypt announced that financing was granted in the small and medium enterprises sector, amounting to 143 billion pounds in December 2022, and its increase to 159 billion pounds by the end of June 2023, compared to 110 billion in December 2021.

Total loan portfolio

 The National Bank announced that the bank’s total loan portfolio increased by 47% from December 2021, and reached 1.729 trillion pounds at the end of December 2022 compared to about 1.175 trillion pounds in December 2021, to continue growing to reach 1.978 trillion pounds at the end of June 2023.

 The National Bank revealed that the bank’s total loan portfolio increased by 47% from December 2021, as it recorded 1.729 trillion pounds at the end of December 2022, compared to about 1.175 trillion pounds in December 2021, to continue growing to reach about 1.978 trillion pounds by the end of June 2023.

Financing sector large companies

 In terms of the financing sector Large companies, the National Bank of Egypt continued to support its customers and the national economy in general by providing the financing needs necessary to achieve economic growth and to support national projects in various sectors that affect the needs of citizens, as the loan portfolio of major companies increased by about 455 billion pounds to reach 1.358 trillion pounds in December 2022. With a growth rate of 50%, to exceed EGP 1.563 trillion by the end of June 2023.

National Bank loans

The National Bank aims to serve small projects by providing National Bank loans that serve youth, and it has achieved great success in serving Egyptian youth, as the bank has distributed 1050 experienced employees throughout the Republic to identify the needs of small and medium enterprises to provide National Bank loans.

It should be noted here that the National Bank works to provide loans to serve various commercial, industrial, agricultural, service and other youth projects.

Short-term financing

The National Bank offers short-term financing, where loans are repaid over a period of up to one year, and for medium-term financing, loans are repaid over a maximum period of 5 years, in addition to long-term financing of up to 7 years, for financing micro projects up to 50,000 pounds, this is in the event that the annual revenues are less than one million Egyptian pounds.

Financing small projects

As for financing small projects, their profits range from one million to 50 million, with a workforce of less than 200 people. As for financing industrial projects, they range from 50,000 to 5 million pounds, and at a value of 3 million for non-industrial projects.

financing medium projects

As for financing medium projects, the National Bank loans range from 5 million to 15 million for industrial projects, and for non-industrial projects, the value of financing ranges between 3 million to 5 million pounds, in case the annual profits are between 50 to 200 million Egyptian pounds.