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Evergrow to receive USD 150 mn loan to restructure debts
Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure…
National Bank of Egypt
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National Bank of Egypt seeks CBE's approval to establish a digital bank next year
The National Bank of Egypt is seeking approval from the Central Bank of Egypt to establish a digital bank in…
Five banks launch electronic payment of mortgage installments
Five banks began on Sunday collecting mortgage payments electronically under the Central Bank of Egypt (CBE) and Mortgage Finance Fund’s…
Corplease plans EGP 2 bn securitized bond issuance
CI Capital’s Corplease is planning a EGP 2 bn securitized bond issuance in early 2020 to finance local expansion, sources…
Fawry in talks to set up bank transfer service for Egyptians in GCC
E-payments platform Fawry is in talks with local and regional banks to set up a bank transfer service for Egyptians…
EFG Hermes, NBE conclude Al Taamir securitized bond issuance
DEBT WATCH- EFG Hermes, NBE conclude largest securitized issuance yet on EGX: EFG Hermes and the National Bank of Egypt…
Egypt’s Misr Travel seeks EGP 150 mn loan from EBRD
The Holding Company for Tourism and Hotels subsidiary Misr Travel is in talks to borrow EGP 150 mn from the…
CBE grants HSBC, Emirates NBD license to use QR codes for e-payments
The Central Bank of Egypt has granted HSBC and Emirates NBD the e-admission license that uses QR Codes for enhanced…
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