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Cairo Bank Wins Best Microfinance Award and Achieves Financial Inclusion Al-Masry Al-Youm Announces Cairo Bank to Win Best Microfinance Award and Achievement of Inclusion financial. (19659002) The International Federation of Arab Bankers has announced that the Cairo Bank has been awarded with the best price for microfinance and financial inclusion. "The Best Egyptian Bank for Microfinance and Financial Inclusion" at the award ceremony of excellence and achievement of Arab Banks in 2018 in Beirut in the presence of a large crowd of Egyptian banking leaders and Arabs.
The award was received by Amr Nasir, General Manager of Retail Banking at Cairo Bank. The Chairman of the Board of Directors and Managing Director of the Bank of Cairo, Tarek Fayed, praised the role of the International Federation of Arab Bankers and its continued efforts to serve the Arab banking sector and its role in monitoring the situation. evolution of the banking sector.
Fayed pointed out that microprojects are the top priorities of the bank, based on the leadership that she has achieved in this area, which spans over 16 years, helping to provide about 600 thousand jobs and sustainable production projects and a 30% market share. Microphone.
The chairman of the Cairo Bank adds that the value of the portfolio is 3.4 billion LE, with a total of 184,000 customers.
The total number of loans since the beginning of the introduction of the product about one million and 700 thousand loans, and women depend on 37% of the total of these loans under the support of the Bank to support the successful projects. The Egyptian economy and the creation of jobs for young people. The comprehensive development of the Bank branch network and its units in the various governorates of the Republic, opening new branches to reach different customer segments and expansion of the ATM network to cover all regions have also helped to strengthen bank coverage. And the adoption of all policies and procedures that are involved in the transformation of Egyptian culture to the bank, and the accessibility of individuals to financial services through legal channels and give to all groups of society an appropriate opportunity to manage their money and savings
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Al-Masry Al-Youm
