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Mashreq Egypt: 2011 was fruitful, offered funds to KIMA & electricity in Banha

Mashreq, one of the UAE’s leading National financial institutions, announced that 2011 was an exciting and fruitful year for Mashreq Egypt.
03.02.12 | Source: Arab Finance

Mashreq, one of the UAE’s leading National financial institutions, announced that 2011 was an exciting and fruitful year for Mashreq Egypt.

The bank stated, in a release sent to Arab Finance, that it continued to strategically support and expand its retail and corporate activities alike.
On the retail side, Mashreq Egypt started the year by deferring all January installments for its customers in consideration and understanding of the political and economic situations at the time. Mashreq Egypt also participated in Formula Al Ahram by announcing the 0% down payment offering for car owners to add to the banks existing range of auto loan programs to include the 85% and 50% offerings.

In addition, Mashreq Egypt announced its partnership with Chrysler to offer customers the chance to purchase Chrysler vehicles through the Mashreq Egypt Auto-Loans program at uncompetitive rates. Mashreq Egypt expanded its retail portfolio by offering the three and five years Certificate of Deposits giving the highest interest rates in the market.

In its continuous efforts to support the SME growth in Egypt, Mashreq Egypt participated and sponsored the Junior Egyptian Businessmen Association SME event which brought together a remarkable number of young entrepreneurs and Egyptian businessmen.

On the corporate level, Mashreq Egypt recently funded a number of public companies and developmental projects to include; the renovation of “KIMA Factories” in Aswan, a project for ~, and a sanitation project in Al Gabal El Asfar, among others.

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