Banking + Finance

Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City

by enterpriseam adminMay 10, 2020

Banque Misr will arrange a EGP 1.4-1.6 bn syndicated loan to Damietta Furniture City to help increase production and exports, Masrawy reports, citing unnamed banking sources. The National Bank of Egypt, the Egyptian Arab Land Bank, and the Export Development Bank are in talks to participate in the loan.

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BANKING + FINANCE Banque Misr Damietta Furniture City Egyptian Arab Land Bank Export Development Bank of Egypt National Bank of Egypt

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