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S&P’s raises credit rating for NBE, Banque Misr
Ratings agency Standard & Poor’s raised its long-term issuer credit rating for the National Bank of Egypt (NBE) and Banque…
BANKING + FINANCE
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BANKING + FINANCE
TE to reach financial close on USD 550 mn loan from UAE banks next week
State-owned Telecom Egypt will reach financial close next week on a five-year USD 550 mn syndicated loan jointly arranged by…
NBE increases exchange arm capital to EGP 125 mn from EGP 50 mn
The National Bank of Egypt (NBE) is raising the capital of its foreign exchange arm to EGP 125 mn from…
Samcrete asks NBE for bigger credit facility to finance growing projects
Samcrete Egypt Engineers and Contractors has asked to increase the size of a credit facility it’s negotiating with National Bank…
Is the CBE building a central database to house know-your-customer information?
**#8 The CBE has launched a client's database for the banking sector, ostensibly to monitor progress on financial inclusion, the…
Banque du Caire signs MoU with Uzbek national bank to boost trade and exports
Banque du Caire has signed a cooperation agreement with the National Bank of Uzbekistan aimed at boosting trade ties and…
Goldentex wool in talks for EUR 3 mn loan to upgrade production lines
Goldentex wool is in talks with several unnamed banks for a EUR 3 mn loan to finance upgrades on its…
United Bank and Afrexim launch financing and insurance package for Egyptian exporters
The United Bank and African Export-Import Bank (Afrexim) launched a new bundle of financing options and insurance package for Egyptian…
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