GB Capital, a subsidiary of GB Corp, has launched a new subsidiary, “Kredit,” to finance small and medium-sized enterprises (SMEs) in Egypt. Kredit started with an initial capital of EGP 35m, which was increased to EGP 300m, reflecting the importance of this sector.
Kredit is part of GB Capital’s strategy to promote financial inclusion and support the growth of SMEs in Egypt.
It offers comprehensive financial solutions that help develop the Egyptian economy.
Tamer El Alamy, CEO and Board Member of GB Capital, said: “Kredit aims to provide innovative solutions for financing SMEs after its launch in the third quarter of 2023.”—Zawya
