EBRD to sign USD 125 mn loan agreement with Banque Misr

Banque Misr will sign tomorrow a USD 125 mn loan agreement with the European Bank for Reconstruction and Development (EBRD), Banque Misr Chairman Akef El Maghraby tells Al Borsa. The facility includes a “senior loan of up to USD 75 mn for on-lending to private small and medium-sized enterprises [and] a trade finance limit of up to USD 50 mn for guarantees and cash advances,” according to an EBRD statement.