Attijariwafa Bank Egypt launches new savings vehicles to support small and medium-sized enterprises
Attijariwafa Bank Egypt has announced the launch of a new banking product called "Wafa Business Plus TDs," specifically designed to support small and medium-sized enterprise (SME) owners in Egypt. This step aims to provide flexible financial solutions that help companies better manage their cash liquidity.
These new deposits are distinguished by allowing companies to receive a fixed monthly return, which helps business owners with the financial planning of their projects. The service also offers flexible durations that cater to the diverse needs of companies, giving clients greater freedom in choosing the period that suits their investment plans.
The bank clarified that these savings vehicles are available exclusively in Egyptian pounds, as part of the bank's efforts to promote the use of the local currency. The bank requires a minimum deposit of one million Egyptian pounds to open the account, which primarily targets companies seeking to grow their capital.
This initiative comes at a time when banks operating in Egypt are striving to provide more advanced digital and banking services to the business sector. It is expected that these deposits will contribute to encouraging SMEs to invest, thereby supporting the national economy as a whole.