EIB, NBE in talks over second tranche of financing agreement to support Egypt’s SMEs

The National Bank of Egypt (NBE) is in talks with the European Investment Bank (EIB) over the second tranche of a USD 500-750 mn financing package to support Egypt’s SMEs, an unidentified source tells Al Mal. The two banks had signed the contracts for the first EUR 375 mn tranche of the loan last month.