A consortium of five Egyptian banks signed last week a financing agreement worth 4 billion Egyptian pounds ($225.8 million) with two state-run firms Misr Petroleum and Co-operation Petroleum (Copetrole). The loan will be paid over seven years, whereby each firm will obtain 2 billion pounds designed to finance purchasing of petroleum products for local market. The banking consortium includes the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank – Egypt (CIB), QNB AlAhli, and the Arab African International Bank (AAIB). The following table demonstrates the banks' contributions to the two firms in Egyptian pounds. The bank For Misr Petroleum For Copetrole NBE 1 billion pounds 1 billion pounds Banque Misr 363 million pounds 363 million pounds CIB 244 million pounds 244 million pounds QNB AlAhli 240 million pounds 240 million pounds AAIB 153 million pounds 153 million pounds