Banque du Caire’s Cairo Leasing Company in talks for EGP 450 mn loan

Banque du Caire’s financial leasing arm, Cairo Leasing Company, is in “intensive talks” with two unnamed banks to borrow EGP 450 mn, CEO Ahmed Sherif tells Al Mal. According to Sherif, one of the banks is state-owned. Talks are currently in their final stages and the company expects to receive the line of credit “soon.”