ALEXBANK
This comes in the framework of Intesa Sanpaolo's plan to boost their investments in Egypt and expand in financing small and medium projects (SMEs).
IFC noted that through the partnership, both parties will design new financial products to enable farmers - most of whom may lack direct access to electricity grid - to purchase and install solar powered irrigation pumps.
AlexBank has won the best bank’s role in supporting SMEs award at bt100 Awards.
The bank clarified that the net operating margin rose 44.1 percent YOY, recording LE 5.4 billion, reflecting a solid growth of “core banking income”.
The new agreement is deemed the third deal under the GEFF, which is supported by a €23.3 million grant offered by the EU.
