Egyptian financing for small businesses and real estate hit a record EGP 71.321 billion in September.

Egyptian financing for Micro, Small, and Medium Enterprises (MSMEs) surged to a record EGP 71.321 billion in September 2024, up from EGP 49.653 billion in the same month last year. This includes a significant rise in real estate financing to EGP 17.759 billion, a 163.6% increase, and consumer finance reaching EGP 41.914 billion, a 26.7% rise. The growth reflects increased support for small businesses and real estate, with the banking sector leading in disclosures.

November 30, 2024
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