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AlexBank, a member of Italian bank Intesa Sanpaolo, says small and medium-sized financing portfolio had recorded 3 billion Egyptian pounds ($166.1 million) by the end of 2016.
Dante Campioni, AlexBank’s managing director, further said in a press conference in Cairo on Sunday that his bank had recently raised its credit limits for the small and medium-sized enterprises.
AlexBank is keen to expand into offering SMEs in Egypt more financial consulting services, Campioni added.
