{"id":628595,"date":"2018-05-08T04:12:37","date_gmt":"2018-05-08T04:12:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/"},"modified":"2018-05-08T04:12:37","modified_gmt":"2018-05-08T04:12:37","slug":"banque-misr-taps-international-bank-to-manage-usd-500-mn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/","title":{"rendered":"Banque Misr taps international bank to manage USD 500 mn loan"},"content":{"rendered":"<p>Banque Misr has hired an international bank to manage a USD 500 mn loan it\u2019s looking to secure from international lenders by 3Q2018, Chairman Mohamed El Etreby <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-05-07\/egypt-s-banque-misr-seeks-500-million-loan-to-fund-growth-plans\">tells Bloomberg<\/a>, without disclosing the name of the bank. The loan would be directed towards Banque Misr\u2019s planned expansions, according to El Etreby. The bank had announced its intention to take on a new loan after signing for a USD 500 mn facility from the European Investment Bank (EIB) <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/04\/banque-misr-closing-in-on-usd-500-mn-facility-from-eib-eyes-a-further-usd-500-600-mn\/\">back in December<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banque Misr has hired an international bank to manage a USD 500 mn loan it\u2019s looking to secure from international lenders by 3Q2018, Chairman Mohamed El Etreby tells Bloomberg, without disclosing the name of the bank. The loan would be directed towards Banque Misr\u2019s planned expansions, according to El Etreby. The bank had announced its [&hellip;]<\/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":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628595","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"729ada1d-da6e-44c5-8d7b-fb1734d1f7da","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Banque Misr taps international bank to manage USD 500 mn loan","related_issue":[628561],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.df1b860c-2e7f-430b-ba95-59b958da3cbe.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banque Misr taps international bank to manage USD 500 mn loan - 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\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr taps international bank to manage USD 500 mn loan\" \/>\n<meta property=\"og:description\" content=\"Banque Misr has hired an international bank to manage a USD 500 mn loan it\u2019s looking to secure from international lenders by 3Q2018, Chairman Mohamed El Etreby tells Bloomberg, without disclosing the name of the bank. The loan would be directed towards Banque Misr\u2019s planned expansions, according to El Etreby. The bank had announced its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-08T04:12:37+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr taps international bank to manage USD 500 mn loan\",\"datePublished\":\"2018-05-08T04:12:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/\",\"name\":\"Banque Misr taps international bank to manage USD 500 mn loan - 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The bank has invited other banks to join in on the loan, including the National Bank of Egypt, Banque du Caire,\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":604689,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/banque-misr-expects-afreximbank-to-agree-usd-550-mn-loan-soon\/","url_meta":{"origin":628595,"position":3},"title":"Banque Misr expects AfreximBank to agree USD 550 mn loan soon","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"Banque Misr will sign an agreement to borrow USD 550 mn from the African Export-Import Bank (AfreximBank) \u201cwithin weeks,\u201d Banque Misr Chairman Mohamed El Etreby tells Al Mal. Vice Chairman Akef El Maghraby had said last month that the bank was seeking a loan of the same amount \u201cto improve\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":591808,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/evergrow-to-receive-usd-150-mn-loan-to-restructure-debts\/","url_meta":{"origin":628595,"position":4},"title":"Evergrow to receive USD 150 mn loan to restructure debts","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure its debts, banking sources told Al Shorouk. 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