Banque Misr closing in on USD 500 mn facility from EIB, eyes a further USD 500-600 mn

Banque Misr plans to sign for a USD 500 mn loan from the European Investment Bank during the Business for Africa and the World Forum in Sharm El Sheikh which kicks off this Thursday, Vice President Akef El Maghraby tells Al Mal. El Maghraby added that the bank is also looking to take on board a further USD 500-700 mn “in the coming period.”