Six banks to lend Tanmeya for Leasing and Investment EGP 360 mn

A consortium of six banks is lending Tanmeya for Leasing and Investment (EgyLease) EGP 360 mn to build up its credit portfolio, EgyLease Chairman Iman Ismail tells Al Mal. The banks include the National Bank of Egypt, Banque Misr, the Arab African International Bank, the Export Development Bank, Union National Bank, and Suez Canal Bank. It remains unclear how much each bank is providing. EgyLease is also in separate talks with QNB, SAIB, and the Arab Investment Bank for another EGP 150 mn loan, of which each bank would contribute EGP 50 mn, according to Ismail.