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Banque Misr Launches Express SME Financing
The National Bank of Egypt continues to offer financing solutions through the "Express" system for small and medium-sized enterprises. This system allows applicants to obtain electronic funding of up to 5 million Egyptian pounds within 5 business days, with conditions including that the project is at least one year old and has a minimum capital of 50,000 pounds. The system targets projects with annual sales between 1 million and 50 million pounds and provides customized solutions for the solar energy sector, with amounts up to 8 million pounds and repayment periods of up to 7 years. The goal is to support economic growth and the transition to a green economy. Additionally, the bank has launched the "Express Projects" platform to provide information and services that help business owners develop and manage their projects, reaffirming its commitment to expanding digital solutions and sustainable financing.
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