Kredit Secures EGP 875 Million in Banking Facilities to Support SME Growth

Kredit for SME Financing, a subsidiary of GB Capital, has secured EGP 875 million in banking facilities from nine local and international financial institutions. Participating entities include the National Bank of Egypt (NBE), Banque du Caire, Al Baraka Bank, the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), and the Egyptian Arab Land Bank (EALB).

This financing initiative aligns with Kredit’s strategic goals to expand its services and promote financial inclusion by supporting small and medium-sized enterprises (SMEs) across Egypt. The growing volume of facilities reflects strong confidence from financial institutions in Kredit’s business model and operational approach.

The newly acquired funds will be allocated to several key sectors, including manufacturing, trade—with a focus on food industries—solar and green energy, and export-oriented businesses that utilize local resources such as raw materials and labor. The funding will also support capital expenditure, export development programs, and the acquisition of earth-moving and transportation equipment.

Kredit leverages its sector-focused strategy and technical expertise to serve a diverse SME client base, aiming to enhance business value chains while maintaining high portfolio quality. The company continues to develop innovative financing solutions tailored to the evolving needs of these sectors.

This development comes amid increasing national support for the SME sector, which plays a critical role in job creation and economic growth, in line with Egypt’s broader economic strategy.