NBE, EIB discuss $500m to $750m loan

Cairo – Mubasher: National Bank of Egypt (NBE) is in talks with the European Investment Bank (EIB) for financing ranging between $500 million and $750 million.

NBE will also pump $150 million, around 20% of an international loan it signed last June with a global banking consortium, into small- and medium-sized enterprises (SMEs), sources told Almal News.

The Arab country's largest state bank will use the remaining sum of the loan worth $600 million in corporate banking, they added.

In June, NBE had signed an agreement with a consortium headed by the European Bank for Reconstruction and Development (EBRD) to obtain a $750 million loan. The consortium was comprised of HDBC Bank, Citibank, Standard Chartered, First Abu Dhabi Bank (FAB), Emirates NBD, Bank ABC, RAKBANK, and the Commercial Bank of Dubai (CBD).

Mubasher Contribution Time: 12-Jul-2018 10:27 (GMT)
Mubasher Last Update Time: 12-Jul-2018 10:48 (GMT)

Request a Trial

Title:*
First Name:*
Last Name:*
Job Title:*
Phone:*
Company:*
Email:*
Country:*
Comments:
*Required Fields
 
Submit

Already Registered?

Username/ Email:
Password:
 
Login
Support & Feedback
Ask for free trial