Cairo – Mubasher: Banque Du Caire has received EGP 200 million loan from the Micro, Small and Medium Enterprise Development Agency (MSMEDA), vice chairman Hazem Hegazy stated on Thursday.
The secured amount will be used for the finance of micro-projects, the top official added.
Head of MSME at the bank revealed that it was negotiating another EGP 200 loan with international institutions.
On Sunday, the governor of the Central Bank of Egypt (CBE) Tarek Amer told Bloomberg News that the Egyptian government plans to sell a stake in Banque du Caire, which is fully owned by Banque Misr.
