NSB capital boosted by LE300M: minister

CAIRO - 21 October 2018:A capital increase of Nasser Social Bank (NSB) by LE 300 million to reach LE 2.5 billion in 2018-2019 has been approved, Minister of Social Solidarity Ghada Wali said on Saturday.

The increase will enable NSB to properly fulfill its mission which includes offering soft loans, said Wali, who is also the chairman of NSB.

NSB operates a scheme of no interest loans in addition to other loans with moderate and marginal returns as well as other programs to support savings and investments.