KOICA, EAPD partner to foster sustainable development in Africa    Egypt's largest puzzle assembled by 80 children at Al-Nas Hospital    Egypt's Al-Sisi, Azerbaijan's Aliyev advocate for ceasefire in Gaza    Egypt to host 1st New Development Bank seminar outside founding BRICS nations    Egypt's El-Said, Russia's Reshetnikov discuss economic cooperation at SPIEF    KOICA, EAPD partner to foster sustainable development in Africa    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Egypt gets initial approval for $820m IMF loan disbursement    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Lagarde's speech following ECB rate cuts    Russian inflation to decline in late '24 – finance minister    US, 13 allies to sign Indo-Pacific economic agreements    Sri Lanka grants Starlink preliminary approval for internet services    Acceleration needed in global energy transition – experts    China-Egypt relationship remains strong, enduring: Chinese ambassador    Egypt, Namibia foster health sector cooperation    Egypt's EDA, Zambia sign collaboration pact    Managing mental health should be about more than mind    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NBE Signs Cooperation Protocol With SFD To Finance 20,000 Bakeries
Mohamed Hamdy Published in Amwal Al Ghad on 20 - 12 - 2012

The National Bank of Egypt (NBE) plans to sign a protocol of cooperation with the Federation of Egyptian Chambers of Commerce and Social Fund for Development (SFD) to finance the upgrading of 20,000 bakeries in Cairo to work on natural gas instead of heavy fuel oil.
Sources said that financing this process in one bakery costs between EGP 40,000 and 50,000, varying according to the areas of these bakeries.
The total value of finances offered by NBE to environmental compliance programs reached EGP 1.5 billion, while the total value of bank's SME finances reached EGP 8.6 billion at the end of last September.
NBE has recently approved to offer EGP 100 million loans to 50 brick factories in Behira starting from next January in order to make them run on natural gas instead of heavy fuel oil.

Clic here to read the story from its source.