{"id":648589,"date":"2017-04-06T03:53:27","date_gmt":"2017-04-06T03:53:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/banque-misr-in-talks-to-borrow-usd-700-mn-from-international-institutions\/"},"modified":"2017-04-06T03:53:27","modified_gmt":"2017-04-06T03:53:27","slug":"banque-misr-in-talks-to-borrow-usd-700-mn-from-international-institutions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/banque-misr-in-talks-to-borrow-usd-700-mn-from-international-institutions\/","title":{"rendered":"Banque Misr in talks to borrow USD 700 mn from international institutions"},"content":{"rendered":"

Banque Misr is in negotiations for USD 700 mn in funding to support its foreign currency liquidity, vice Chairman Akef El Maghraby told Al Mal<\/a>. Banque Misr is in talks with Afrexim Bank for a USD 200 mn loan and USD 500 mn from the European Investment Bank. El Maghraby expects an agreement with Afrexim Bank will be finalised this month. Fitch Rating had expressed<\/a> concerns over Egyptian banks\u2019 capitalization because of their exposure of foreign currency loans, an expected they could resort to subordinated loans. The central bank has issued the criteria for banks to recognize international loans as part of their capital base in January<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banque Misr is in negotiations for USD 700 mn in funding to support its foreign currency liquidity, vice Chairman Akef El Maghraby told Al Mal. Banque Misr is in talks with Afrexim Bank for a USD 200 mn loan and USD 500 mn from the European Investment Bank. El Maghraby expects an agreement with Afrexim […]<\/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-648589","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"f9152256-68c7-43e0-b2db-9db2c62f2df6","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648548],"teaser":"","voice_url":""},"yoast_head":"\nBanque Misr in talks to borrow USD 700 mn from international institutions - 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\/2017\/04\/06\/banque-misr-in-talks-to-borrow-usd-700-mn-from-international-institutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr in talks to borrow USD 700 mn from international institutions\" \/>\n<meta property=\"og:description\" content=\"Banque Misr is in negotiations for USD 700 mn in funding to support its foreign currency liquidity, vice Chairman Akef El Maghraby told Al Mal. 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Banque Misr had announced it is borrowing a total of USD 350 mn from Credit Suisse to support liquidity and meet clients\u2019 USD requirements. The central\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":558503,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/banque-misr-eyeing-green-bonds-ci-capital-misr-capital-integration\/","url_meta":{"origin":648589,"position":1},"title":"Banque Misr eyeing green bonds, CI Capital + Misr Capital integration?","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Banque Misr green bond issuance in the works? Banque Misr could soon be following the likes of CIB and the Finance Ministry by issuing its very own green bonds to investors, according to Al Mal. The state-owned bank is exploring the possibility of selling the climate-focused securities, Vice Chairman Akef\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\/2021\/8\/160.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626020,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/banque-misr-intends-to-borrow-usd-750-mn-by-end-of-fy2018-19\/","url_meta":{"origin":648589,"position":2},"title":"Banque Misr intends to borrow USD 750 mn by end of FY2018-19","author":"enterpriseam admin","date":"28 August 2018","format":false,"excerpt":"Banque Misr is in talks with international banks and financial institutions to borrow up to USD 750 mn by the end of this fiscal year, Banque Misr Deputy Chairman Akef Maghraby said, Reuters\u2019 Arabic service reports. As of last May, the bank\u2019s overseas loans portfolio reached USD 4.16 bn.","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":578632,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/newly-introduced-25-cds-see-massive-demand-in-first-two-days-big-two-bag-usd-700-mn-facility\/","url_meta":{"origin":648589,"position":3},"title":"Newly introduced 25% CDs see massive demand in first two days + Big Two bag USD 700 mn facility","author":"enterpriseam admin","date":"9 January 2023","format":false,"excerpt":"The newly released 25% certificates of deposit have raked in almost EGP 100 bn in a matter of days \u2014 and the two state banks offering them have reportedly secured a major loan to meet local demand for hard currency.Savers poured nearly EGP 100 bn into newly introduced record-high yield\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641466,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/eib-agrees-to-lend-banque-misr-usd-500-mn\/","url_meta":{"origin":648589,"position":4},"title":"EIB agrees to lend Banque Misr USD 500 mn","author":"enterpriseam admin","date":"24 September 2017","format":false,"excerpt":"The European Investment Bank (EIB) agreed last week to lend Banque Misr USD 500 mn that will be used for SME loans and financing, Vice President Akef El Maghraby tells Al Borsa. 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