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Al Baraka Bank Egypt intends to pump more than EGP one billion

Hazem Hegazy, CEO of Al Baraka Bank – Egypt (SAUD), said in an exclusive statement to “Al Mal” newspaper that the size of his bank’s small and medium enterprise portfolio amounted to EGP 3.6 billion at the end of last December.

In a statement sent to the Egyptian Exchange, the bank announced its plan to reach EGP 5.26 billion in financing for small and medium enterprises in 2022, an increase of EGP 1.66 billion.