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CIB launches new financing program for supporting SMEs
The Commercial International Bank (CIB) – one of the largest private sector banks in Egypt – launched an integrated financing program which offers a bundle of services to cater for the needs of small and medium sized enterprises (SMEs).
The CIB program is meant to help SMEs investors boost their business, promote their competitiveness and getting them to amalgamate into the banking sector.
The bank has been working hard to become the favorite partner for these entrepreneurs, particularly through offering credit facilities to develop their projects and helping them overcome many challenges.
The program will include medium and long term financing services and credit line can reach up to EGP 30 million for current and new clients.
Head of CIB Business Banking sector Rashwan Hamadi underlined the bank’s commitment to offering financial solutions to SMEs clients.
He expounded that SMEs contribute to boosting investments and represent a bedrock for developing national economy.
He added that the bank is looking forward that this program would secure an integrated bundle of services that would contribute to help SMEs proceed with their successful march.
He added that the bank seeks to support the Egyptian government’s efforts to support SMEs to give momentum to the Egyptian economy.
Added to all the outstanding privileges offered by the new program, the bank tasked a team of its best directors with offering all needed help for clients seeking to benefit from this program.
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