EIB agrees EUR 500 mn credit line to Banque Misr to support SMEs

The European Investment Bank (EIB) has signed a EUR 500 mn financing agreement with Banque Misr to support SMEs and midcaps across Egypt, according to an EIB statement. The credit line is contingent on the businesses receiving funding from Banque Misr complying with the EIB’s environmental and social standards, the bank said.