Egypt is home to as many as 2.5 million small and medium enterprises that are bringing change and growth to the country. For 40 years we’ve been supporting the businesses shaping and defining the country’s new economy, and now we’re helping those driving Egypt’s 2030 Vision. We’ve launched the Female Entrepreneur Fund, we’re sponsoring the NilePreneurs Academy that enables young business founders acquire new skills and capabilities and we’ve created innovative digital Business Banking solutions that include our award-winning HSBCnet, along with it’s mobile application version. We’re now committed to help SMEs flourish and evolve with our supporting programmes.
We’re here to help you realise your growth potential.
Accelerate your growth journey.
Supporting the transition of Egypt’s New Economy
As part of this initiative we are focusing in supporting Trade, Technology and Sustainability as these three sectors are the pillars underpinning the new economy.
Egypt is at the centre of global trade, and as the country transforms, we’re guiding SMEs to capture the opportunities that transformation brings. Technology is essential for enabling businesses to digitise, grow sustainably and become more competitive globally. Sustainability is critical not just for the protection of the environment, but the welfare of society and assists the streamlining of costs and the capitalising of opportunities.
With the finance and the experts, we can help businesses with bold visions enter new markets, innovate, achieve and exceed their targets.
Programmes to support your business growth
Whether you’re expanding overseas, transforming your business to adopt ESG or developing the technology to make our lives better, we have the solutions to help you stand out in a rapidly evolving market. Our SME programmes not only provide the finance, but the expertise and network to capitalise on global growth opportunities.
Whether your business is one-of-a-kind, ahead of its time or primed for reinvention, our industry experts and dedicated Relationship Managers can tailor bespoke solutions for your unique business.
What you need to know about the SME Afaq
Financing Amount
Business can avail the benefits through more than one programme within the SME Afaq. Eligible customers can receive up to EGP 30 million under the SME initiatives based on their financials. Above EGP 30 million requests will be reviewed on a case by case basis.
Financing Rates
- • 5% for businesses with an annual turnover from EGP 1 Million to less than EGP 50 million. This will encompass all sectors, except trading activities.
- • 8% for businesses with an annual turnover between EGP 50 Million and EGP 1 Billion, within the industrial, agribusiness, renewable energy and construction sectors.
*Limited to CBE eligibility criteria, otherwise the interest loan to be applied is the Corridor Rate.
Documentation Checklist
- Commercial registration
- Copy of lease or ownership contract
- Social Security Payment Receipt
- Copy of national IDs for main shareholders/ Executive board members
- Social Insurance and Taxes declaration certificate from authorized Auditor
- Infrastructure receipt of activity location
- Contract of Association
*Other specific documents might be required depending on the nature of your business/request.
Need support?
Looking for international growth, Net Zero credentials and New Economy recognition? HSBC has the scale, the influence and the finance to unlock that global potential.
Interested in our programmes, but unsure about which one to apply for? Contact us and we’ll guide you through our solutions.
Disclaimer:
Any products and services related to HSBC SME Afaq are subject to our Terms and Conditions and all relevant onboarding checks and credit approval processes of HSBC Bank Egypt S.A.E. These Terms and Conditions are not applicable to our personal banking accounts for which separate terms apply.
Need help?
Get in touch to learn more about our banking solutions and how we can help you drive your business forward.