Renewable Energy is the First Priority to Fund by Egypt’s Banks Soon

Renewable energy is one of axes which will be focused by banks  in the next period Mohammed Abbas Fayed Bank Vice President of Banque Misr said.

Banks will fund this project which needed by the country  in the light of its national role as always supported the vital sectors of the electricity ,oil and petrochemicals projects, Abbas expected.

After the presidential elections, banks will be directed to fund the investment projects, noting that the banks resort to invest with the governmental instruments in order to employ the surplus liquidity in case of the absence of investment opportunities in the market.