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Egypt’s state banks sell EGP 92 bn of high-yield certificates
The National Bank of Egypt has sold EGP 62 bn of its 15% fixed-rate certificates to some 340k customers, Chairman…
Banking + Finance
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Vitas Egypt in talks with Sanad Fund, unnamed local bank for new loans
Vitas Egypt is in talks with German Development Bank KfW’s Sanad Fund and unnamed local banks for several loans to…
NBE maintains top spot for syndicated loans in Egypt -Bloomberg
The National Bank of Egypt (NBE) was rated as the country’s top bank for syndicated loans for 1Q2020, having arranged…
EIB approves EUR 90 mn SME credit line to Banque du Caire
The European Investment Bank (EIB) has approved a EUR 90 mn credit line to Banque du Caire for SME loans,…
MEDAF Financial Leasing granted license to begin operations in Egypt
The Financial Regulatory Authority has granted MEDAF Financial Leasing, the subsidiary of investment holding group MEDAF Investments, a financial leasing…
Microlenders are looking for forgiveness and restructuring
A number of microfinance institutions are in discussions with banks to set up a mechanism that allows clients to either…
EGP to be included on Beni clearing platform
Arab payment platform Beni will include the EGP as a settlement currency following a decision by its proprietor, the Arab…
CIAF Leasing delays EGP 50 mn sukuk issuance on covid-19 headwinds
Aviation leasing company CIAF has decided to postpone its EGP 50 mn sukuk issuance to 4Q2020 due to the current…
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