Egypt arranges EGP2b loans for projects in industry sector

21 Sep 2016

(MENAFN) Egypt is organizing a number of syndicated loans value EGP2bn for projects in the industry sector.Accordingly, the loans portfolio jumped to EGP108bn at the end of June this year compared to EGP63bn in June of last year.Moreover, Banque Misr posted EGP340bn of the customers’ deposits as of the end of June, an increase of 19 percent compared to June 2015.On the other hand, the bank is in talks with a global financial institution to obtain a loan worth USD300mn to help its dollar liquidity and meet the foreign exchange.

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