EFG’s ValU is in talks with Egyptian banks for EGP 250 mn credit facility

EFG Hermes’ e-finance platform ValU is currently in talks with several unnamed banks for a new EGP 250 mn credit facility, CEO Mohamed El Feky said yesterday, according to Hapi Journal. The firm has already received offers for the loan and expects to sign final agreements before the year is out, El Feky said.