Egypt banking news

To Expand the Beneficiary Base of Innovative Financing Solutions: National Bank of Egypt (NBE) Grants Short-Term Financing to U Consumer Finance “Valu”

The National Bank of Egypt (NBE) announced the signing of a short-term financing agreement worth up to EGP 3 billion for U Consumer Finance, known under the trademark of “Valu”, Egypt’s universal financial technology powerhouse. This comes as part of NBE’s support for the non-banking financial sector, the promotion of financial inclusion, and the expansion of the beneficiary base for…