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Export Development Bank to offer loans to businessmen

Export Development Bank to offer loans to businessmen

Cairo: The Export Development Bank (EXPA) signed on Wednesday 10 protocols with the Egyptian Businessmen Association and several export councils.

The bank will offer loans for members of the association and councils as part of the state's plan to promote the industrial production and Egyptian exports, the bank's chairwoman, Mervat Sultan, told a news conference.

The loans will be provided at an interest rate of up to 5 percent and in line with the bank's rules set by the Central Bank of Egypt (CBE), she added.

The export councils cover the fields of furniture, chemical industries, textiles and garments, construction materials, engineering, agriculture and foodstuff.

Source: MENA

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