Arab Today, arab today cbe stresses support for smes
Last Updated : GMT 21:46:51
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CBE stresses support for SMEs

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Arab Today, arab today CBE stresses support for SMEs

Central bank Egypt
Cairo - MENA

The Central Bank of Egypt (CBE) says it is paying big attention to small and medium-sized enterprises (SME)s.


A CBE statement issued Tuesday pointed to an initiative by the bank to fund small companies and facilities.

According to a CBE definition the size of business of macro-sized companies should not reach one million pounds.

Very small enterprises range from one million pounds to less than 10 million, the CBE said.

Small-sized firms range from 10 million pounds to less than 20 million, whereas medium-sized projects range from 20 million pounds to less than 100 million, the statement added.

 

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