{"id":574406,"date":"2020-09-08T03:49:04","date_gmt":"2020-09-08T03:49:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/"},"modified":"2020-09-08T03:49:04","modified_gmt":"2020-09-08T03:49:04","slug":"nbe-bdc-arrange-egp-3-bn-to-egyptair","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/","title":{"rendered":"NBE, BdC arrange EGP 3 bn to EgyptAir"},"content":{"rendered":"

The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir being arranged by Banque du Caire, with BdC covering the remainder, Al Mal<\/a> reports. The national flag carrier had been seeking the loan earlier this year<\/a> as it came under pressure from lower volumes during the covid-19 pandemic. EgyptAir has sustained losses of some EGP 3 bn since covid-19 grounded global travel and the company\u2019s foreign debt currently stands at EGP 13 bn, said EgyptAir holding company president Mohamed Zakria. EgyptAir earlier this year<\/a> received a EGP 2 bn loan from the Finance Ministry that will see the government service the carrier\u2019s debt until its operating capacity reaches 80% of levels achieved in 2019. The EGP 3 bn loan brings the total amount of pandemic financing obtained by the airline to EGP 5 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir being arranged by Banque du Caire, with BdC covering the remainder, Al Mal reports. The national flag carrier had been seeking the loan earlier this year as it came under pressure from lower volumes during […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,726,880,72,276,248],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574406","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-banque-du-caire","tag-egyptair","tag-enterpriseam","tag-finance-ministry","tag-national-bank-of-egypt","wpautop","entry"],"acf":{"mongo_id":"df02ee18-a068-44b1-9139-a5c6f336ab24","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574374],"teaser":"","voice_url":""},"yoast_head":"\nNBE, BdC arrange EGP 3 bn to EgyptAir - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE, BdC arrange EGP 3 bn to EgyptAir\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir being arranged by Banque du Caire, with BdC covering the remainder, Al Mal reports. The national flag carrier had been seeking the loan earlier this year as it came under pressure from lower volumes during […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-08T03:49:04+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE, BdC arrange EGP 3 bn to EgyptAir\",\"datePublished\":\"2020-09-08T03:49:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/\"},\"wordCount\":144,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"Banque du Caire\",\"EgyptAir\",\"EnterpriseAM\",\"Finance Ministry\",\"National Bank of Egypt\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/\",\"name\":\"NBE, BdC arrange EGP 3 bn to EgyptAir - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-09-08T03:49:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBE, BdC arrange EGP 3 bn to EgyptAir\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NBE, BdC arrange EGP 3 bn to EgyptAir - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/","og_locale":"en_US","og_type":"article","og_title":"NBE, BdC arrange EGP 3 bn to EgyptAir","og_description":"The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir being arranged by Banque du Caire, with BdC covering the remainder, Al Mal reports. The national flag carrier had been seeking the loan earlier this year as it came under pressure from lower volumes during […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-09-08T03:49:04+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"NBE, BdC arrange EGP 3 bn to EgyptAir","datePublished":"2020-09-08T03:49:04+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/"},"wordCount":144,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","Banque du Caire","EgyptAir","EnterpriseAM","Finance Ministry","National Bank of Egypt"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/","name":"NBE, BdC arrange EGP 3 bn to EgyptAir - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-09-08T03:49:04+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"NBE, BdC arrange EGP 3 bn to EgyptAir"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":556298,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/egyptair-gets-house-backing-for-finmin-guarantee-of-egp-5-bn-loan\/","url_meta":{"origin":574406,"position":0},"title":"Egyptair gets House backing for FinMin guarantee of EGP 5 bn loan","author":"enterpriseam admin","date":"19 October 2021","format":false,"excerpt":"Egyptair Holding Company will now be able to take out a long term, EGP 5 bn loan from state owned banks backed by the Finance Ministry after the House of Representatives approved a decision by the prime minister greenlighting a law that grants the finance minister the right to issue\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639184,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/egyptair-in-the-market-for-a-usd-870-mn-loan-to-finance-new-fleet-additions\/","url_meta":{"origin":574406,"position":1},"title":"EgyptAir in the market for a USD 870 mn loan to finance new fleet additions","author":"enterpriseam admin","date":"23 October 2017","format":false,"excerpt":"EgyptAir is looking to borrow USD 870 mn from local banks to finance a portion of its planned purchase of 33 new planes, Al Mal reports. EgyptAir has already begun negotiations with National Bank of Egypt, Banque Misr, and Banque du Caire, sources say. The national flag carrier has reportedly\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628110,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/nbe-banque-misr-bdc-to-provide-ezz-steel-rolling-mills-with-egp-3-4-bn-syndicated-loan\/","url_meta":{"origin":574406,"position":2},"title":"NBE, Banque Misr, BdC to provide Ezz Steel Rolling Mills with EGP 3.4 bn syndicated loan","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"The National Bank of Egypt, Banque Misr, and Banque du Caire are reportedly providing Ezz Steel Rolling Mills with a EGP 3.4 bn syndicated loan to finance the working capital of the company\u2019s Ain Sokhna facility, unnamed banking sources tell Al Shorouk. No further details were announced.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565137,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/egyptair-looks-to-africa-as-an-investor\/","url_meta":{"origin":574406,"position":3},"title":"EgyptAir looks to Africa \u2014 as an investor","author":"enterpriseam admin","date":"22 March 2021","format":false,"excerpt":"EgyptAir is planning to expand to Ghana and Sudan in the coming months, company CEO Roshdy Zakaria told the press, Bloomberg reports. The company will hold 75% in a new airline dubbed Ghana Air, which it will provide with four Boeing aircraft. EgyptAir is also considering establishing a transport hub\u2026","rel":"","context":"In "SPEED ROUND: AVIATION"","block_context":{"text":"SPEED ROUND: AVIATION","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-aviation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/516.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623287,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/ezz-steel-rolling-mills-to-borrow-egp-2-5-bn-for-working-capital-expansion\/","url_meta":{"origin":574406,"position":4},"title":"Ezz Steel Rolling Mills to borrow EGP 2.5 bn for working capital, expansion","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"Ezz Steel subsidiary Al Ezz Rolling Mills is near closing a EGP 2.5 bn loan agreement with five local banks to finance its working capital and expansion plans, a banking source said, according to Amwal Al Ghad. The banks include the National Bank of Egypt, Banque Misr, Banque du Caire,\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573235,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/nbe-manages-egp-3-5-bn-joint-loan-for-ezz-steel\/","url_meta":{"origin":574406,"position":5},"title":"NBE manages EGP 3.5 bn joint loan for Ezz Steel","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) is managing a EGP 3.5 bn joint loan for the Ezz Steel Group to increase its working capital, Al Shorouk reports, citing unnamed informed sources. NBE, the AAIB, Banque Misr and Banque du Caire are all participating in the loan. The steel company is\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=574406"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574406\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574374"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574406"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574406"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}