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SCA in the market for EUR 300 mn loan to finance dredger purchase
The Suez Canal Authority (SCA) has asked Banque Misr and National Bank of Egypt for a EUR 300 loan to…
BANKING + FINANCE
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BANKING + FINANCE
Banque Misr drops interest rates on deposits after CBE raises local currency deposit reserves
Banque Misr reduced its interest rates on deposits by 75 bps on Wednesday in response to the CBE’s decision to…
GPC signs EGP 2.3 bn loan agreement with six-part banking consortium that includes NBE, Banque Misr
The General Petroleum Corporation (GPC) signed a EGP 2.3 bn loan agreement with a consortium of six banks to finance…
EETC receives EGP 3 bn of EGP 37.4 bn loan to upgrade national power grid
The Egyptian Electricity Transmission Company has received EGP 3 bn from the EGP 37.4 bn loan it signed for with…
MIDOR to receive USD 1.2 bn loan from Crédit Agricole, BNP Paribas, CDP
The Middle East Oil Refinery (MIDOR) is set to receive a USD 1.2 bn loan in 1Q2018 from a banking…
KfW to lend NBE EUR 50 mn for SME funding
Germany’s state-owned development bank KfW is planning to sign a EUR 50 mn loan agreement with the National Bank of…
EBRD reviews funding Banque Misr, AlexBank with USD 155 mn
The European Bank for Reconstruction and Development (EBRD) is reviewing proposals to provide Banque Misr and the Bank of Alexandria…
CIB signs agreement with Khadamaty to allow cash deposits and withdrawals from smart wallet
CIB has reportedly signed an agreement with e-payments firm Khadamaty which would see CIB customers deposit and withdraw cash from…
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