NBE inks $600m deal with China Development Bank

Cairo - Mubasher: The National Bank of Egypt (NBE) has signed a $600 loan agreement with China Development Bank (CDB).

The loan agreement aims at financing the working capital of the Egyptian bank’s customers.

The chairman of NBE, Hesham Okasha said in a statement on Wednesday that the deal will enhance the confidence of international institutions in Egyptian economy, which has undergone many reforms over the last few years.

Mubasher Contribution Time: 05-Sep-2018 21:23 (GMT)
Mubasher Last Update Time: 05-Sep-2018 21:24 (GMT)