BE - September 2026

ABE Mohamed Abu El-Saud, CEO of the Agricultural Bank of Egypt (ABE), said the bank recorded strong growth in its business results during the first half of this year, with total financing increasing by around 25% in June 2026 and its loan portfolio exceed- ing EGP 110bn, compared with around EGP 88bn in December 2025. “The Agricultural Bank of Egypt is a key partner in Egypt’s agricultural and rural development, and support- ing farmers is at the forefront of the bank’s strategic priorities,” Abu El- Saud said. “The bank works to provide financ- ing solutions and banking services for various agricultural and produc- tive activities. The agricultural sector accounts for around 70% of the bank’s credit portfolio, including EGP 36bn directed to small farmers. “The bank also continues to develop its banking products and services, while prioritising digital transforma- tion to make it easier for customers, particularly those in rural areas, to access banking and financing serv- ices,” he added. Abu El-Saud made the remarks dur- ing his participation in a panel dis- cussion at the Sahara International Agricultural Exhibition. During its participation in the exhi- bition, the bank showcased an inte- grated range of financing solutions and banking services designed to serve the agricultural sector, includ- ing financing programmes for crops, plant production, and contract farm- ing, alongside digital services and so- lutions aimed at facilitating access to banking services for customers, par- ticularly in rural areas. Abu El-Saud said the bank has par- ticipated in the Sahara exhibition for around 20 years and, for the past six years, specifically as a sponsor, re- flecting its belief in the exhibition’s importance as a key platform for the agricultural sector that enables direct engagement with those working in the industry and a closer understand- ing of their needs. The Agricultural Bank of Egypt is one of the oldest specialised banks in Egypt and the Middle East and plays a pivotal role in supporting and fi- nancing the agricultural and rural sectors, contributing to economic de- velopment and food security. The bank was established in 1930 and currently operates as a wholly state-owned joint-stock company. It provides integrated financing solu- tions for various agricultural and de- velopment activities, alongside production inputs, through an exten- sive network of more than 1,100 branches and advanced storage in- frastructure covering the country. the BANKING EXECUTIVE 18 ISSUE 213 SEPTEMBER 2026 ABE Financing Grows 25% IN SIX MONTHS, LOAN PORTFOLIO EXCEEDS $2.12BLN