In an attempt to bring financial sectors of two countries closer to the other Egypt’s Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised a visit of their experts to India this May to learn about experience in financing SMEs.

The visit to India was in collaboration with the India Institute of Banking and Finance to garner expertise of the India’s progress in developing and financing SMEs.

The Egyptian team visited a number of financial and non-financial institutions, including the Central Bank of India, the Small Industrial Development Bank of India (SIDBI), the Bank of India, the Bank of Baroda, and the Reserve Bank of India.

The team also visited Hungary and the purpose of that visit was to meet heads of units of SME financing in banks in order to identify the basis for the application of international practices in financing these projects in Central and Eastern Europe.

The team a number of financial institutions, including the Federation of Hungarian Banks, the Central Bank of Hungary, the National Bank of Hungary, the Hungarian Development Bank, OTP Bank, Loxon, CIB Bank, Intesa Sanpaulo, the Central Credit Registry, and the Chamber of Commerce and Industry Budapest.

Source: The Economic Times

Image Courtesy: Economic Times