Metropolitan Consulting decided to decrease the commission for providing credit services to small- and medium-sized enterprises (SMEs) willing to obtain financing from banks through the initiative of the Central Bank of Egypt (CBE), according to company chairperson Khaled Nagaty.
Nagaty said the company’s goal behind this step is to contribute to supporting the expansion of already existing SMEs, or establishing new companies.
He added that the company provides all the services customers need to obtain suitable financing through banks at the lowest cost. It prepares a full credit folder for already existing or new enterprises, as well as preparing feasibility studies needed for financing requests.
Metropolitan Consulting began its operations in the Egyptian market in 2007. The company provides financing solutions tailored to the needs of all projects, such as building or renewing factories, financing the purchase of machinery, equipment and production lines, and providing credit facilities.
The company plans to open a number of branches in several governorates, in order to meet the demands of SMEs as well as large companies on the company’s services. On top of these services are financial and credit consultancies, according to Nagaty.
He added that the company’s expansion plans extend also to the opening of offices in foreign markets, especially in South Africa and Dubai in the third quarter of this year.