Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised two visits to India and Hungary in May 2016 in order to learn about their experience in financing SMEs.

The purpose of the visit to Hungary 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 meetings also allowed visitors to exchange expertise and to take advantage of the positive experience of Hungarian developing and financing of these projects, according to a statement by the EBI.

The visit welcomed 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.

EBI added that the visit to India was in collaboration with the India Institute of Banking and Finance to exchange expertise of the Indian positive progress in developing and financing SMEs.

The visit included 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.

Source: Daily News Egypt