National Bank of Egypt: Over 50% of Non-Financial Service Beneficiaries Are Women

Nader Saad, CEO of the Small and Medium Enterprises Sector at the National Bank of Egypt (NBE), confirmed that over 50% of the beneficiaries of the non-financial services provided by the bank recently were women. This really shows NBE's commitment to empowering women and boosting their involvement in economic activities. Saad explained that NBE uses a comprehensive approach to support the SME sector, linking financial funding with non-financial services. These services include crucial capacity-building programs, training, technical support, and management consulting. All of this helps improve the efficiency of businesses and increases their chances of sustainability and growth. He pointed out that this strategy aligns with the bank's broader goal of supporting entrepreneurship and achieving financial inclusion, especially for those who need it most. He emphasized that economically empowering women is a key pillar for achieving sustainable development and increasing employment rates. Saad added that the bank is continuously developing its programs and services for SMEs, keeping pace with the state's directives to support the national economy and strengthen the private sector's role in development.