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Endowments Ministry could establish two funds with EGP 3 bn in capital soon
The Endowments Ministry is considering launching two investment funds with a combined capital of EGP 3 bn that would rise…
BANKING + FINANCE
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BANKING + FINANCE
Acumen to launch two funds worth EGP 200 mn soon
Acumen Asset Management plans to establish two new funds in the coming period with collective capital of EGP 200 mn,…
Abu Qir Fertilizers vetting three offers for EGP 600 mn loan for nitric acid project
Abu Qir Fertilizers is vetting offers from three banking consortiums for a EGP 600 mn loan needed for its nitric…
EIB, NBE in talks over second tranche of financing agreement to support Egypt’s SMEs
The National Bank of Egypt (NBE) is in talks with the European Investment Bank (EIB) over the second tranche of…
CBE requires banks to conduct an external quality assurance audit at least once every five years
The central bank issued a directive to banks on Sunday requiring them to conduct an external quality assurance audit by…
CI Capital in talks with unnamed banks to manage EGP 100 mn equity funds
CI Capital is in talks to take on the management of two equity funds with combined assets under management of…
NBG receives greenlight to exit local market, to begin receiving offers for local assets in August
The National Bank of Greece (NBG) will begin next month receiving offers from banks in the domestic market looking to…
EIB, NBE sign EUR 375 mn financing agreement to support Egypt’s SMEs
The European Investment Bank (EIB) and National Bank of Egypt (NBE) have signed a EUR 375 mn financing agreement to…
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