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PBDAC is best placed to achieve financial inclusion as it reaches 50% of Egyptians: chairperson - Daily News Egypt

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PBDAC is best placed to achieve financial inclusion as it reaches 50% of Egyptians: chairperson

He told Daily News Egypt that there are some six million farmers in Egypt and another four million people serving as temporary agricultural labour, resulting in a total of 10 million people.


With a customer base of one million clients, the Principal Bank for Development and Agricultural Credit (PBDAC) is the most capable bank in achieving financial inclusion, reaching 50% of the Egyptian people, said bank chairperson El-Sayed El-Qosayer.

He told Daily News Egypt that there are some six million farmers in Egypt and another four million people serving as temporary agricultural labour, resulting in a total of 10 million people.

“If each of them [agriculture labourers] cares for a family of five people, the bank can extend its services to 40-50% of Egyptians,” he added.

With the support of the state and the Central Bank of Egypt, the PBDAC would be the best suited bank to work towards financial inclusion, El-Qosayer said.

 

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https://www.dailynewsegypt.com/2016/06/11/pbdac-is-best-placed-to-achieve-financial-inclusion-as-it-reaches-50-of-egyptians-chairperson/
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