Entity Responsible For SMEs Is Important: Soha Soliman

Soha Soliman, Head of SMEs at National Bank Of Egypt (NBE), highlighted the bank’s future vision which is represented in the importance of establishing a coordination council or an entity responsible for the organizational and financing affairs for the sector. Soliman said there are two mechanisms for supporting SMEs. The first is setting a unified notion for SMEs by surveying, mapping and categorizing them as well as facilitating procedures and standardizing products. In addition, there shall be atmosphere of commitment based on flexibility, integration, efficiency and initiative. The second mechanism is introducing new financing products such as financial leasing, capital sharing, securitization and increasing tapping from NILEX.