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Egyptian Cooperative Insurance Society (CIS) signed a loan insurance cover agreement worth 90 million Egyptian pounds ($5.6 million) with the Agricultural Bank of Egypt, CIS chairman said on Thursday.
Under the deal, CIS will cover financing for medium, small, and micro-sized enterprises granted to the main lender’s clients against the dangers of credit and non-payment, Hossam Abdel Aziz told Amwal Al Ghad.
