Minister of Social Solidarity and Board Chairman of Nasser Social Bank Nevine Al Kabbaj has stated that the bank has successfully increased the retail banking finance portfolio to EGP 50 billion in personal finance. This significant achievement represents the largest and most crucial finance offering by the bank to pensioners and employees of both the public and private sectors.
According to MENA The financial status of the bank is subject to variations based on its diverse range of banking products, encompassing various forms of financing, their respective values, and intended purposes. These remarks were made during a press statement on Saturday, 01/6/2024 by Mohamed Abdel Fadel, the First Deputy of the Board Chairman of the bank.
The allocated funds support micro and small enterprises, encompassing nurseries, technological equipment, residential furnishings, vehicles, grant opportunities, and internal and external educational pursuits. Additionally, they contribute to the “Mastoura” program, which seeks to economically empower women.
The financial arrangements, which are repaid in regular installments over a period of ten years and generate notable income, contribute to the enhancement of families’ financial resources.
