Nasser Social Bank invests EP1.7 billion in Egypt

Published May 23rd, 2001 - 02:00 GMT

Egyptian Minister of Social Affairs Amina Al-Gondi estimates the total investments by the Nasser Social Bank at EP1.7 billion, according to Al-Ahram daily. This figure includes EP219 million in funds to establish new companies, create job opportunities for Egyptian youth, and to provide a variety of goods at competitive prices.  

 

The aforementioned sum also includes EP247 million for financing passenger transport vehicles, agricultural machinery and car leasing programs. The remaining funds are designated for such services as small-sized project financing, low-income family support, and housing for newlyweds.  

 

Nasser's Social Bank is considered one of Egypt’s major financial institutions. —(MENA Report)  

© 2001 Mena Report (www.menareport.com)


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