As a major aspect of the EGBANK’s technique to build its support to SMEs and in acknowledgment of their positive effect on the Egyptian economy, Our SME department is distinctive with highly qualified and specialized RMs, Credit analysts and specialists who are experienced in consulting the financial needs of SME's. Such team is appropriated all through EGBANK’s system augmented everywhere throughout the country and devoted to offer and select the best banking practices.
|EGP 1 M to EGP 50 M||EGP 50 M to EGP 200 M|
Paid in capital of industrial enterprises ranging between EGP 50K to less than EGP 5 M.
Paid-in capital of non- industrial enterprises ranging between EGP 50K to less than EGP 3 M.
Paid in capital of industrial enterprises ranging between EGP 5 M to less than EGP15 M.
Paid-in capital of non- industrial enterprises ranging between 3 M to less than EGP 5 M.
Through an agreement with the European Investment Bank (EIB; www.eib.org), we are supporting small and medium sized businesses (SMEs) by providing access to an invaluable source of lower cost finance and flexible repayment schedules.
The EIB is strengthening its support for SMEs by helping this important sector to access vital new lines of credit. The loan term is of a minimum of 2 years (the actual length of the loan will depend on the economic and technical life of the project financed)
Audited Financials (Income statement, Balance sheet, Cash flows) for the last three years
Copy of national ID of partners that contribute with more than 10%
Copy from the contract of company formation
Certified audited accountant certificate with taxation and insurance policy
Copy form a valid Commercial register that doesn’t exceed three months
Copy of taxation card
Copy of manufacturing license, copy from the approval of Industrial Development Authority
According to the CBE initiative, small businesses are those with sales turnover ranging between EGP 1 Million up to less EGP 50 Million for sole proprietorship or companies either new or existing in various sectors.(Industrial, agricultural and renewable)
According to the CBE initiative, all medium businesses are those with sales turnover ranging between EGP 50 Million up to less EGP 200 Million.