In cooperation with Banque du Caire, the Faculty of Management, Economics and Business Technology, the Egyptian Russian University organizes a symposium on financial inclusion.. with pictures
Dr. Al-Tahira Hamiya, Dean of the Faculty of Management, Economics and Business Technology at the Egyptian-Russian University, announced that a symposium on “Financial Inclusion between Mechanisms and Benefits” was organized in cooperation with “Banque du Caire.” This is within the framework of the constant endeavor to develop students’ practical skills and connect them to practical reality. She pointed out that the symposium was sponsored by Dr. Sherif Fakhry Mohamed Abdel Nabi, President of the University, and that the college administration sought to cooperate with business organizations, of which the banking sector is at the head of those organizations.
The Dean of the Faculty of Management, Economics and Business Technology at the Egyptian Russian University explained that accountant Hams Mukhtar Hashem, Director of the General Department of Financial Inclusion at Cairo Bank, and accountant Mohamed Al-Sharif from the Bank’s Financial Inclusion Department, provided a comprehensive explanation of activating the Central Bank’s initiative in this regard, noting that the symposium witnessed a presentation. The concept of financial inclusion and its positive repercussions on business organizations through the initiatives of the Central Bank of Egypt.
Dr. Al-Tahira Hamiya reported that the symposium witnessed an open dialogue between students of the Faculty of Management and the Banque du Caire team. The students’ questions were about the requirements for obtaining bank credit, and all inquiries were answered… explaining that a meeting was held with Mr. Tamer Abdel Moneim, director of the bank’s branch in Shorouk City, on the sidelines of the symposium to discuss areas of cooperation with Banque du Caire; to provide training opportunities for students and create points for electronic financial services within the college; in addition to opportunities for cooperation with the university in establishing a simulation of a bank branch within the college, and the possibility of paying tuition fees for students in installments over periods of: “6 to 12” months.
In the same context, Dr. Mohamed Dabour, a lecturer at the Faculty of Management, Economics and Business Technology at the Egyptian Russian University, pointed out that “the requirements for obtaining bank credit” depend on the credit study of a client, whether it is a new project “under construction” or an existing project to finance operating the project to increase production capacity revealing that the discussion also included exchange rate issues.
For his part, accountant Adel Al-Mohammadi – Director of the Foreign Exchange Department at the Bank of Cairo, pointed out the most important instructions of the Central Bank of Egypt, and that these instructions come in light of the unethical practices carried out by speculators in the black market to exchange foreign currency.
On the same subject, accountant Mohamed Mohsen, director of corporate relations for commercial and international relations at the Bank of Cairo, noted that the instructions of the Central Bank of Egypt included the rules for financing import operations; According to special models in this regard.
On the other hand, Dr. Osama Wagdy, Assistant Professor of Business Administration and Head of the Department of Business Administration at the college, revealed that the students participating in the symposium received certificates of attendance issued by the “Bank of Cairo” in addition to (10) training opportunities for students at the bank… adding that in light of the initiative “Central Bank of Egypt” for financial inclusion, a large number of students opened free accounts; To obtain banking products without any fees and without complying with the minimum requirements for opening bank accounts.
It is noteworthy that the symposium witnessed the presence of Dr. Engy Raouf, Vice Dean of the College for Education and Student Affairs, a large number of students of different academic levels, faculty members, and supporting staff members at the college.