Investment loans to agricultural projects in Egypt hit EGP 16.7bn in FY19/20

Cairo – Mubasher: Investment loans provided to farmers and agricultural projects in Egypt rose by 20.6% year-on-year (YoY) to EGP 16.7 billion in fiscal year (FY) 2019/2020, compared to EGP 13.8 billion, according to data by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday. 

Short-term loans increased by 8.2% YoY to EGP 5.7 billion in the year ended 30 June 2020, while medium-term loans grew by 45.6% to EGP 10.2 billion, data showed. 

Meanwhile, long-term loans granted to farmers and agricultural projects went up by 24.1% YoY to EGP 858.1 million in FY19/20. 

Mubasher Contribution Time: 16-Sep-2021 14:52 (GMT)
Mubasher Last Update Time: 16-Sep-2021 14:52 (GMT)