{"id":632713,"date":"2018-02-18T04:22:50","date_gmt":"2018-02-18T04:22:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/"},"modified":"2018-02-18T04:22:50","modified_gmt":"2018-02-18T04:22:50","slug":"nbe-looking-to-secure-usd-500-mn-loan-by-junes-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/","title":{"rendered":"NBE looking to secure USD 500 mn loan by June\u2019s end"},"content":{"rendered":"

The National Bank of Egypt (NBE) is in talks with international financing institutions for a USD 500 mn loan by June\u2019s end, chairman Yehia Aboul Fotouh told Bloomberg<\/a>. NBE has already secured USD 1 bn in loans and is looking to add another loan package to improve its USD liquidity. Reports had emerged earlier<\/a> this month that NBE would sign a EUR 500-750 mn loan agreement with the European Bank for Reconstruction and Development during 1H2018. Separately, NBE is planning to open its first branch in Saudi Arabia by the end of 2018, and is currently waiting on Saudi approval.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt (NBE) is in talks with international financing institutions for a USD 500 mn loan by June\u2019s end, chairman Yehia Aboul Fotouh told Bloomberg. NBE has already secured USD 1 bn in loans and is looking to add another loan package to improve its USD liquidity. Reports had emerged earlier this […]<\/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-632713","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2b4a3cce-9bd6-4701-ac79-72d6e4b1e31d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"NBE looking to secure USD 500 mn loan by June\u2019s end","related_issue":[632672],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.decbbd2b-5c02-4411-b190-6a65ff3e4ec2.mp3"},"yoast_head":"\nNBE looking to secure USD 500 mn loan by June\u2019s end - 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\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE looking to secure USD 500 mn loan by June\u2019s end\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) is in talks with international financing institutions for a USD 500 mn loan by June\u2019s end, chairman Yehia Aboul Fotouh told Bloomberg. NBE has already secured USD 1 bn in loans and is looking to add another loan package to improve its USD liquidity. Reports had emerged earlier this […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-18T04:22:50+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\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE looking to secure USD 500 mn loan by June\u2019s end\",\"datePublished\":\"2018-02-18T04:22:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/\"},\"wordCount\":109,\"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\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/\",\"name\":\"NBE looking to secure USD 500 mn loan by June\u2019s end - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-02-18T04:22:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBE looking to secure USD 500 mn loan by June\u2019s end\"}]},{\"@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 looking to secure USD 500 mn loan by June\u2019s end - 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\/2018\/02\/18\/nbe-looking-to-secure-usd-500-mn-loan-by-junes-end\/","og_locale":"en_US","og_type":"article","og_title":"NBE looking to secure USD 500 mn loan by June\u2019s end","og_description":"The National Bank of Egypt (NBE) is in talks with international financing institutions for a USD 500 mn loan by June\u2019s end, chairman Yehia Aboul Fotouh told Bloomberg. 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The loan will be divided into two tranches, the first part of which is valued at USD 600 mn and should be finalized before the end\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\/2021\/12\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","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":632713,"position":2},"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. The company borrowed USD 200 mn from the National Bank of Egypt (NBE), Banque Misr, and the Arab African International Bank (AAIB) to\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":573235,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/nbe-manages-egp-3-5-bn-joint-loan-for-ezz-steel\/","url_meta":{"origin":632713,"position":3},"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. 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