MBE to offer EUR 100 mn to Egypt’s export companies as credit facilities

Misr Bank-Europe is planning to provide Egyptian exporters with as much as EUR 100 mn in credit facilities “in the coming period,” CEO Gerald Bumharter tells Al Mal. MBE plans to allocate between EGP 25-30 mn per company and is in talks with Deutsche Bundesbank to arrange the loan to finance the export of various products, — including textiles and fruits and vegetable — to Europe.