NBE seeks to be liable for USD 1 bn by end of FY2018-19

The National Bank of Egypt (NBE) is in talks with international banks and financing institutions to borrow up to 1 USD bn by the end of this fiscal year, Deputy Chairman Yehia Aboul Fotouh told the local press. Last July, the bank signed a EUR 375 mn financing agreement with the European Investment Bank to expand its SMEs loan portfolio.