{"id":629336,"date":"2018-05-28T04:14:47","date_gmt":"2018-05-28T04:14:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/28\/nbe-receives-usd-200-mn-tranche-of-usd-300-mn-afreximbank-loan\/"},"modified":"2018-05-28T04:14:47","modified_gmt":"2018-05-28T04:14:47","slug":"nbe-receives-usd-200-mn-tranche-of-usd-300-mn-afreximbank-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/28\/nbe-receives-usd-200-mn-tranche-of-usd-300-mn-afreximbank-loan\/","title":{"rendered":"NBE receives USD 200 mn tranche of USD 300 mn Afreximbank loan"},"content":{"rendered":"

The National Bank of Egypt (NBE) has received a USD 200 mn tranche of its USD 300 mn facility from the African Export-Import Bank (Afreximbank), an unnamed bank official tells Al Shorouk<\/a>. The two banks had signed a USD 300 mn three-year financing agreement in April 2017<\/a> that would be used to support an SME funding initiative launched in 2016. The NBE has been looking to bolster its foreign currency liquidity and is seeking a number of loans from international lenders, according to the source, who points to a USD 600 mn loan club facility<\/a> from Gulf-based banks and another USD 500 mn loan from the European Investment Bank, which the NBE is currently in talks for. We reported yesterday<\/a> that the NBE is providing the EGPC with USD 250 mn loan as part of a larger USD 850 mn facility that will be used to pay international oil companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt (NBE) has received a USD 200 mn tranche of its USD 300 mn facility from the African Export-Import Bank (Afreximbank), an unnamed bank official tells Al Shorouk. The two banks had signed a USD 300 mn three-year financing agreement in April 2017 that would be used to support an SME […]<\/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-629336","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"f35ea7f1-7307-45a4-9e46-49430baf977e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"NBE receives USD 200 mn tranche of USD 300 mn Afreximbank loan","related_issue":[629299],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ed427d73-226f-4f73-8e8b-b26cce8c8fa1.mp3"},"yoast_head":"\nNBE receives USD 200 mn tranche of USD 300 mn Afreximbank 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\/28\/nbe-receives-usd-200-mn-tranche-of-usd-300-mn-afreximbank-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE receives USD 200 mn tranche of USD 300 mn Afreximbank loan\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) has received a USD 200 mn tranche of its USD 300 mn facility from the African Export-Import Bank (Afreximbank), an unnamed bank official tells Al Shorouk. 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The funding will be directed at BdC\u2019s expansion plans in Africa and financing intra-trade across the continent, he\u2026","rel":"","context":"In "SPEED ROUND: DEBT WATCH"","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-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":649337,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/afreximbank-to-provide-nbe-with-usd-300-mn-facility-to-fund-smes\/","url_meta":{"origin":629336,"position":3},"title":"Afreximbank to provide NBE with USD 300 mn facility to fund SMEs","author":"enterpriseam admin","date":"30 April 2017","format":false,"excerpt":"The African Export-Import Bank (Afreximbank) signed an agreement to provide aUSD 300 mn financing facility to the National Bank of Egypt (NBE) to support SMEs on Thursday, the bank said in a statement. 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