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NBE rated country’s top bank in 1H2018, continent’s top in syndicated loans
The National Bank of Egypt (NBE) was rated as the country’s top bank in 1H2018 in a Bloomberg Terminal report…
Banking
Income tax breaks to cost the state EGP 4 bn this year -Maait
New income tax cuts that come into effect this month are expected to cost state coffers around EGP 4 bn…
CBE disburses EGP 500 mn to mortgage finance companies
The central bank has agreed to expend a second EGP 500 mn tranche to mortgage finance companies from its EGP…
EIB, Alexbank sign EUR20 mn loan to support SMEs
The European Investment Bank (EIB) and Bank of Alexandria (Alexbank) signed yesterday a EUR 20 mn financing agreement to support…
Alta Semper Capital honored with Private Equity Africa award for Macro Group investment
Alta Semper Capital was honored with Private Equity Africa’s “Specialist [transaction] in Healthcare” for its 2016 investment in healthcare products…
Five local banks to sign contracts with Al Canal Sugar for EGP 2.3 bn short-term loan
A consortium of five local banks is expected to sign contracts with Al Ghurair Group’s Al Canal Sugar for a…
NBE, Banque Misr, BdC to provide Ezz Steel Rolling Mills with EGP 3.4 bn syndicated loan
The National Bank of Egypt, Banque Misr, and Banque du Caire are reportedly providing Ezz Steel Rolling Mills with a…
Vitas Group to extend EGP 200 mn in SME loans by 2020
Vitas Misr for Microfinance, a subsidiary of B Investments’ Ebtikar, is planning to extend as much as EGP 200 mn…
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