Agricultural Bank of Egypt to up lending in 2018

Agricultural Bank of Egypt has announced plans to inject new loans worth EGP4.5 billion ($255 million) this year, bringing the bank’s total loan portfolio to EGP28 billion, compared to EGP23.5 billion at the end of 2017. The bank’s SME financing amounted to EGP17 billion, representing 75% of total lending, in the same period.