Cairo – Mubasher: Banque Misr announced that its micro-, small-, and medium-sized enterprise (MSME) funding portfolio reached EGP 55.7 billion at the end of June, making up 27% of the bank's total funding portfolio.
The Egyptian lender affirmed its commitment towards adhering to the Central Bank of Egypt's (CBE) requirements which obligate banks to allocate at least 25% of their funding portfolios to MSMEs, according to a statement on Sunday.
The CBE's decision will be reflected on limiting the unemployment rate, boosting income growth for individuals, and enhancing the gross domestic product (GDP) growth.
