The National Bank of Egypt (NBE) is in talks with a consortium of international financiers to renew and increase a loan to it to USD 600 mn, sources told Al Mal. The consortium, which is led by the European Bank for Reconstruction and Development, had extended NBE a USD 390 mn loan three years ago that matures in May 2018. NBE is seeking the loan to improve its USD liquidity and a third of it will be used for domestic credit and SME financing, sources said.

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