The Banking Executive Magazine - July 2023 Issue

Banque Misr Banque Misr, TALABAT JOIN FORCES TO SUPPORT MICRO, SMALL BUSINESSES Banque Misr has signed a coopera- tion protocol with the food delivery services provider Talabat Egypt to offer financial and non-financial services to micro and small busi- nesses. The agreement aims to enable Tala- bat Egypt’s partners to obtain conces- sional financing of up to EGP 2 million needed for their micro and small projects within five working days. It will also allow them to open online accounts for their businesses within 24 hours by submitting three docu- ments. In addition, the protocol seeks to em- power local projects in Egypt via of- fering financing solutions and a package of digital services, as it tar- gets to support the development of restaurants and brands across differ- ent business stages. The deal is part of Banque Misr’s strategy to support projects of various sizes, the bank’s Head of the SMEs and Microfinance Sector Amr De- merdash said. ISSUE 175 JULY 2023 the BANKING EXECUTIVE 21