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Al Akhbar Newspaper (English)

CBE organize a conference to discuss the finance of SME

CBE – under the management of Farouk El Okda- organized a conference under the subject “ Small & Medium Enterprises “ , in the conference it was discussed the most important tools that is used to encourage SME who are considered as the tool for the development of the whole economy. Among this tools Factoring and finance through buying the company’s shares in addition to the new ways of develop this companies activities.

Ahmed Shaheen the general manager of Egypt Factors clarified the role that factoring could play as one of the most important tools that provide liquidity to clients , secure them from the risk of non payments and help them in collection and administration of their debts.

He added the company will provide finance without relaying on the traditional guarantees and will assess the clients activities as per their sectors.