State-owned Banque Misr is planning to exit private equity investments worth EGP 10 bn during FY2017-18, Vice Chairman Akef El Maghraby tells Al Borsa. The bank is looking to redirect the funds towards new projects in sectors such as tech and is currently running an evaluation to determine which companies to cut from its EGP 55 bn portfolio. The bank is waiting for news from the European Investment Bank, whose board will vote today on a USD 500 mn facility for Banque Misr, El Maghraby adds.

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