Bank of Alexandria secures US$100m loan from EBRD to enhance support for SMEs in Egypt

EGYPT –  Bank of Alexandria (Alexbank) has signed a cooperation agreement with the European Bank for Reconstruction and Development (EBRD) worth US$100m to support Small and medium-sized enterprises. The facility includes a US$50m credit line for small and medium enterprises, including a special grant for technical support that Alexbank can use to develop skills and the competitiveness of these projects through training courses and workshops. The agreement also includes an additional US$50m under the Trade Facilitation Programme. Alexbank launched its trade facilitation program: the Business Club Academy aiming at providing…

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