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Egypt’s Agricultural Development Bank to be Restructured

Source: www.export-egypt.com 5/7/2014, Location: Africa

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Agriculture Minister Ayman Farid Abu Hadid unveiled plans to restructure the Agricultural Credit and Development Bank with the help of international experts so that it will be able to achieve its main goal; realizing an agricultural development and boosting farmers.

In press statements, the minister said the plans would include amending the bank law, raising the capital, applying the latest information technology techniques, developing human resources and coming up with new bank products serving agricultural development in Egypt.

The development process will include the principal bank and its branches, he added.

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