Estudios e Informes

Credit line for Small and Medium Enterprises

Título: 

Credit line for Small and Medium Enterprises

Autor: 

Oficina Económica y Comercial de España en El Cairo

Idioma/s: 

Inglés

Páginas: 

9

Año edición: 

2014

Editor: 

ICEX España Exportación e Inversiones

Resumen: 

Guidelines for the Management of SMEs Line of Credit in Egypt. Credit line for Small and Medium Enterprises Availability of financing through the credit line for SMEs, which is included in the Financial Cooperation Programme established between Spain and Egypt. The SME credit line with Egypt has been operational since late 2012, with an overall amount of 20 million Euros. The objective of this line is to promote the internationalization of Spanish small and medium enterprises, through encouraging the exportation of commercially viable supplies, by financing the Egyptian or Spanish-Egyptian SMEs purchasing of Spanish goods and services, with the following requirements: • The total of each export operation or project can not exceed in Euros the equivalence of 2 million Special Drawing Rights (see exchange rate www.imf.org), approximately 2 million Euros. • The financing of local costs and materials from third countries may be authorized for each operation up to a maximum of 45% of the value of exported goods and services for a combination of both items. This line has a sovereign guarantee full amount approved for each operation. The conditions which the National Bank of Egypt, the Egyptian consultant of this credit line, gives the Egyptian companies, allow them to obtain a 35% concessionality level. For more information please contact: Mohamed M. Shawky National Bank of Egypt 1187, Courniche el Nil, Cairo plaza, Cairo Phone: +2-02-25945000 Ext:11743 m_shawky@nbe.com.eg www.nbe.com.eg Susana Castro-Acuña Oficina Económica y Comercial de España en El Cairo elcairo@comercio.mineco.es Teléfono +202 3336 1588/ 5374. +34917323491

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