Arab Finance: Credit Project Finance Company, a subsidiary of GB Capital Group, announced that it has obtained financing worth 50 million pounds from the National Bank of Egypt as a down payment. This financing comes within the framework of the company’s expansion plans aimed at enhancing financial inclusion and supporting small and medium enterprises. The financing also reflects the confidence of financing institutions. In the company's performance and the growth of its financial portfolio, according to the statement sent on September 29.
Ayman Hegazy, Head of the Medium Enterprise Finance Group at the National Bank of Egypt, confirmed that this financing for Credit comes within the framework of fruitful cooperation between the National Bank of Egypt and Credit to support Credit’s expansion plans and to provide innovative financing solutions, which aims to enhance financial inclusion and provide the necessary financing for this vital category of projects. This contributes to developing its productive and financial capabilities, and enhances its contribution to the national economy.
Ahmed Imam, Managing Director of Credit for Micro, Small and Medium Enterprises Finance, also stated that Credit believes that supporting small and medium enterprises is a vital factor in achieving sustainable development and comprehensive economic growth, with a commitment to providing innovative financing solutions that contribute to achieving the aspirations of this category of projects. Stressing that the new financing from the National Bank of Egypt strengthens the strategic partnership and reflects the mutual trust between the two sides, explaining that it is an important step towards expanding the scope of our services to meet the needs of the growing market.
Imam added, “We always strive to provide the best financial solutions with the highest levels of flexibility and speed, through the technological advancement that the company enjoys, as we work to improve the customer experience and ensure the success of their projects.”
Through this financing, Credit Company seeks to make a qualitative shift in providing financing services to small and medium enterprises, ensuring that their financial needs are met through easy terms and guarantees, and with the utmost speed and flexibility. The company relies on innovative technological solutions to facilitate financing procedures, which enhances its ability to provide services. Distinctive for this vital segment of the business sector.
It is noteworthy that Credit Company obtained a license to finance small and medium enterprises last year from the Financial Regulatory Authority, which enhances its role in providing innovative financing solutions that contribute to advancing Egyptian economic growth.
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