By: محرر
The Agricultural Bank of Egypt and the Sharqia Governorate have signed a joint cooperation protocol aimed at replacing and modernizing the public transportation system across the governorate's villages and centers. The initiative seeks to transition toward safer, more modern transportation methods.
The protocol was signed by Major General Abdel Ghaffar Al-Deeb, Secretary-General of the Governorate, and Seraj Abdel Fattah, Head of Business Development and Sales Group at the Agricultural Bank of Egypt. The ceremony was attended by Engineer Hazem Al-Ashmouni, Governor of Sharqia, and Ibrahim Attia, Executive Consultant for Branches.
Modernizing Transport for Safety and Quality
The primary goal of the protocol is to provide financing to replace old microbuses and unsafe pickup trucks used for passenger transport with modern microbuses. This move aims to improve service levels for citizens, ensure passenger safety, and enhance the urban appearance of the governorate.
Governor Hazem Al-Ashmouni praised the bank's efforts in supporting development plans through financing and community initiatives. He emphasized the importance of expanding cooperation with the bank to implement projects that directly impact citizens' lives, noting that partnerships between state institutions and the banking sector are vital for development.
Unprecedented Financing Terms
Seraj Abdel Fattah stated that the protocol provides innovative and accessible financing solutions to support sustainable development. The bank will offer loans with unprecedented facilities and fast-track procedures to help drivers replace old, unsafe vehicles with modern ones, helping them comply with state decisions regarding the ban on dilapidated vehicles.
Key financial benefits include a down payment of only 25% of the microbus value, with repayment periods extending up to 84 months. These terms are designed to ease the burden on customers while helping drivers increase their income.
Streamlined Implementation Process
To ensure efficient execution, sales representatives from the Agricultural Bank of Egypt will work in coordination with the governorate to receive applications from vehicle owners. The bank aims to finalize the approval procedures on the same day the applications are submitted.
Ibrahim Attia, Executive Consultant for Branches, reaffirmed the bank's commitment to communicating with executive bodies across various governorates to identify developmental needs and serve all client segments through its widespread branch network.
