Prince Talal hails success in setting up banks for poor people in Arab countries

Riyadh, February 07, SPA -- Prince Talal bin Abdulaziz, the President
of AGFUND, has expressed satisfaction over the success attained by
AGFUND'S initiative pertaining to establishment of banks for the poor
people in the Arab countries.


After reading a report on the performance of the national bank for
financing small projects in Jordan, which is considered the first
bank for the poor people in the Arab world, Prince Talal said the
project of the banks of the poor people has proved to be useful and
it is important from the social and economic dimensions.


It is worth mentioning that the bank of financing small projects in
Jordan was established in partnership between AGFUND and Professor
Mohammed Yunis, the founder of Grameen Bank, in cooperation with
partners from the Jordanian private sector and the Jordanian
government.

--SPA