The National Bank of Egypt (NBE) is planning to direct USD 150 mn of a USD 750 mn syndicated loan it received towards SME financing, Al Mal reports. The bank will use the remaining USD 600 mn for corporate credit, according to an unidentified source. NBE had signed the USD 750 mn loan agreement last month with several institutions, including the European Bank for Reconstruction and Development, Standard Chartered, Citibank, HSBC, Emirates NBD, and the Commercial Bank of Dubai.

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