National Bank of Egypt to provide EGP 1 bn loan for Cairo Airport Terminal 1 development, receives ISO 27001 certification

The National Bank of Egypt (NBE) will provide the Cairo Airport Company almost half of theEGP 2.2 bn loan needed to develop Cairo International Airport’s Terminal 1, according to Al Mal, citing sources close to the negotiations. The bank will loan the company EGP 1 bn for 7-10 years with a two-year grace period.

In other NBE news, the bank was awarded ISO 27001:2013 certification for information security management systems by the British Standards Institute, covering all of the bank’s digital branches in the country, according to an emailed statement (pdf).