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Raya Holding subsidiaries to issue securitized bonds worth EGP 500 mn
Raya Holding for Financial Investments subsidiaries Raya Electronics, Aman Financial Services, and Aman Microfinance are planning to issue EGP 500…
Banking + Finance
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EBRD plans to extend USD 400 mn to Egyptian banks to lend to SMEs
The European Bank for Reconstruction and Development (EBRD) could extend USD 400 mn in loans to unnamed local banks to…
Banque du Caire launches mobile wallet app, QR Code features
Banque du Caire has launched a mobile wallet app, Qahera Cash, that allows users to pay bills, transfer money, and…
Sarwa Capital concludes EGP 776 mn Palm Hills securitized bond
Palm Hills and Sarwa Capital have closed a EGP 776 mn securitized bond backed by a portfolio of 582 delivered…
EIB agrees EUR 500 mn credit line to Banque Misr to support SMEs
The European Investment Bank (EIB) has signed a EUR 500 mn financing agreement with Banque Misr to support SMEs and…
United Bank signs financing agreement with MNHD
The United Bank signed a financing agreement with Madinet Nasr Housing and Development to fund its planned construction of EGP…
Credit Agricole to increase Egypt branches by 25% by end of 2022
Credit Agricole plans to expand the number of branches by 25% by the end of 2022, Managing Director Pierre Finas…
CBE rolls out new regs for banks lending to microfinance players
The Central Bank of Egypt (CBE) has rolled out four new regulations for banks looking to provide funding for companies…
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