Banque Misr intends to borrow USD 750 mn by end of FY2018-19

Banque Misr is in talks with international banks and financial institutions to borrow up to USD 750 mn by the end of this fiscal year, Banque Misr Deputy Chairman Akef Maghraby said, Reuters’ Arabic service reports. As of last May, the bank’s overseas loans portfolio reached USD 4.16 bn.