Global Finance: QNB ALAHLI is the best bank for small and medium enterprises
QNB ALAHLI - a subsidiary of QNB Group, one of the largest financial institutions in the Middle East and Africa, has been awarded the "Best Bank for Small and Medium Enterprises 2023" from Global Finance, in recognition of its efforts in developing innovative services and products that meet the business needs of this sector, which plays a vital role in National economy. This prestigious award comes as a new testimony to the success of the bank's strategy towards establishing the foundations of the small, medium and micro enterprises sector and place it on the map of the local economy.
saib achieved a net profit of 30.16 million US dollars (equivalent to 923.69 million Egyptian pounds) by the 3nd of December 2022, compared to 19.93 million US dollars (equivalent to 313.28 million Egyptian pounds) during the previous year 2021 With a growth rate of 51%.
Tarek Hassan, Head of the Small and Medium Enterprises Group at the National Bank of Egypt, said that the bank has been supporting small and medium enterprises for more than 100 years through loans to small farmers to support the agricultural sector, pointing out that the bank's small and medium enterprises portfolio reached EGP 147 billion for about 131,000 customers.
Hassan explained that the National Bank provides all non-financial banking services to customers through feasibility studies for customers to ensure the success of projects and some other services such as advisory services, guidance, guidance and training, noting that 40% of dealers in micro-enterprises are women.
Visa awarded Banque Misr the fastest growing credit card operations bearing the Visa logo for the year 2022 “Highest Visa Consumer Credit PV Growth Rate” in Egypt.
Andrew Tory - Visa President in Central Europe, Africa and the Middle East, presented the award to Mohamed El-Etreby - the Chairman of Banque Misr.
