The Commercial International Bank (CIB) is in talks with the Alexandria Business Association (ABA) to receive a loan worth EGP 20 million to finance micro-enterprises.
ABA conducts negotiations with a number of other banks which deal with the Social (...)
The National Bank of Egypt (NBE), the Egyptian Arab Land Bank (EALB) and the Arab Banking Corporation (ABC) plan to settle debts of EGP 115 million owed by a customer working in the medical sector. A source at NBE said 60% of the debt is owed to (...)
United Bank considers contributing with EGP 200 million to the loans being arranged in the current period for Egyptian Steel Group and Egyptian Company for Ethylene, said Mohamed Ashmawy, chairman of the bank.
On the sidelines of the Regional (...)
Blom Bank Egypt studies contributing between EGP 100-150 million to the US$ 1.250 million loan being arranged for the Egyptian Company for Ethylene, sources said.
On the sidelines of the Regional Islamic Finance Forum held by the Central bank of (...)
The three arrangers of the US$ 1.07 billion loan for the Egyptian Steel Group approved to offer a bridge loan ranges between EGP 250-300 million to the Group, before receiving final approvals from contributors to the loan.
Sources at Banque Misr (...)