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Published on:
Sunday, July 22, 2018 – 11:07
| Last update:
Sunday, July 22, 2018 – 11:07
The International Union of Arab Bankers announced that the Cairo Bank has received the award for "Best Egyptian Bank in Microfinance and Financial Performance" at the presentation of the Awards of Excellence and Achievement Arab banks 2018 in Beirut in the presence of a large number of banking executives The Chairman of the Board of Directors and CEO of the Bank of Cairo, Tarek Fayed, expressed his pride in the award of the prize by the Bank, praising the role of the International Federation of Arab Bankers. Serving the Arab banking sector and its role in monitoring the evolution of the banking sector.
Fayed explained that microprojects are the main priorities of the bank, based on the leadership achieved in this area, which extends over more than 16 years. And a market share of 30% in microcredit.
The chairman of the Cairo Bank adds that the value of the portfolio is 3.4 billion LE, with a total number of customers 184 000.
Millions and 700 000 loans, and women depend on 37% total loans as part of the bank's willingness to support women who support the establishment of successful projects that generate sustainable income and their positive role in supporting the Egyptian economy and the creation of 39, jobs for young people
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