Financing SMEs (profitable)
1) Financing small enterprises
a) Recently established enterprises
The paid-up capital must be between EGP 50,000 and EGP 5 million for industrial enterprises and EGP 3 million for non-industrial enterprises.
b) Existing enterprises
The bank finances small companies for all types of enterprises, whether individual, personal companies, or finance companies, in all industrial, commercial and service activities, provided that their sales are from EGP million to EGP 50 million, and according to the needs of each client, at a 5% interest rate (low, declining interest), For the industrial, service and agricultural sectors in accordance with the Central Bank of Egypt’s initiative.
2) Financing medium enterprises
a) Recently established enterprises
The paid up capital must be more than EGP 5 million up to EGP 15 million for industrial enterprises, and between EGP 3 million and EGP 5 million for non-industrial enterprises.
b) Existing enterprises
The bank finances small companies for all types of enterprises, whether individual, personal companies, or finance companies, in all industrial, commercial and service activities, provided that their sales are from EGP 50 million to less than EGP 200 million, according to the needs of each client.
The bank provides medium and long-term financing for regular medium companies operating in the field of industry according to the initiative of the Central Bank of Egypt and with a lending return (8%) for the purpose of financing working capital, machinery, equipment, or new production lines.
Note: In contrast with other high-cost financing products, and if the conditions are not met, financing is provided on a case-by-case basis, in collaboration with the SME Financing team.
* Note: All products are subject to pricing by the Central Bank of Egypt with regard to Consolidated Revenue as the conditions of the initiative apply to the customer.
