ABE to roll out new financing, banking services for small-scale farmers to boost agricultural investment

Mohamed Abul Soud, CEO of the Agricultural Bank of Egypt (ABE), announced that the bank is preparing to launch a comprehensive package of new financing and banking services designed specifically to support small-scale farmers and stimulate investment across Egypt’s agricultural sector. The upcoming products, which will be offered through simplified and streamlined procedures, aim to enhance farmers’ access to credit in line with the directives of the political leadership and the state’s broader agenda to strengthen agriculture’s contribution to the national economy.

Abul Soud emphasised that these initiatives reinforce ABE’s national role in supporting small farmers and advancing inclusive agricultural development. The forthcoming services will help raise productivity and improve living standards by providing financing for agricultural mechanisation and equipment, seedling and high-yield seed production in cooperation with the Ministry of Agriculture, and encouraging the adoption of modern and innovative farming practices.

The bank also plans to scale up financing for modern irrigation systems and solar energy projects as part of efforts to cut production costs and improve crop quality. Additionally, ABE is preparing to expand support for contract farming programmes and assist farmers in exporting their produce through specialised export platforms, helping open new markets for strategic Egyptian crops.