Attijariwafa bank Egypt launches new savings vehicles to support small and medium-sized enterprises
Attijariwafa bank Egypt has announced the launch of a new service called "Wafa Business Plus TDs," which are deposits dedicated to supporting small and medium-sized enterprise (SME) owners in Egypt. This step aims to help companies better manage their funds by providing flexible financial solutions that align with current market needs.
These new deposits are exclusively available in Egyptian pounds, reflecting the bank's commitment to supporting the local currency. The product has been designed to offer a fixed monthly return, in addition to flexible tenors that allow companies to choose the period that suits their financial plans and cash flows.
To benefit from this service, the bank has set a minimum threshold of one million Egyptian pounds to open a deposit. This initiative is part of the bank's strategy to expand its banking services aimed at the business sector and to facilitate access to secure investment tools that help companies achieve growth and stability.
This announcement comes at a time when financial institutions in Egypt are seeking to provide innovative solutions to support various economic sectors. It is expected that these deposits will contribute to strengthening the confidence of SME owners in the banking system and provide diverse options for managing corporate liquidity.