EBRD loan will strengthen Emirates NBD Egypt capital base: The European Bank for Reconstruction and Development (EBRD) is providing Emirates NBD Egypt with a USD 125 mn subordinated loan to strengthen the bank’s capital base, EBRD said in a statement. The EBRD financing package consists of two tranches: USD 50 mn already committed to strengthen the bank’s capital structure, and an uncommitted tranche of USD 75 mn. The loan qualifies as Tier II capital under recently modified CBE regulations and is the first time a third party has provided this form of financing to an Egyptian bank, EBRD claims.

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