Egyptian Arab Land Bank (EALB) is planning to inject loans worth EGP 2 billion to several sectors, the bank’s deputy chairman Amr Gad Allah told Mubasher.
The lender considers offering these loans to fertilizers, food, financial leasing, small- and medium- sized enterprises (SMEs) sectors, the top official added.
Three companies operating in fertilizer packaging might receive EGP 600 million from the bank, Gad Allah revealed.
In addition, EALB considers offering EGP 600 million to three financial leasing companies and EGP 500 million to food companies.
Moreover, the bank also mulls providing SMEs with funding ranging between EGP 250 million and EGP 300 million.