Daily News Egypt

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

Advertising Area



Advertising Area




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.

 

Advertising Area

Advertising Area



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

No current breaking news

Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View