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EBRD, QNB ALAHLI join forces to support women entrepreneurs in Egypt

In line with EBRD’s support for the development of micro, small, and medium enterprises in Egypt, and the leading role of QNB ALAHLI in Egypt regarding that field, EBRD offered a senior loan of $20m to QNB ALAHLI SAE for on-lending to local small businesses. The loan is the first under EBRD’s new “Egypt Women …

Shaimaa Raafat

EGBANK Signs a US$ 20 Million Trade Finance Agreement with EBRD 

In light of EG Bank’s efforts that focus on supporting exporters and importers, EG Bank signed a $20mn trade facility agreement with EBRD under its Trade Facilitation Programme (TFP) in a ceremony attended by EG Bank CEO Nidal Assar and EBRD President Suma Chakrabarti. The trade finance line will allow EG Bank to issue guarantees …

Daily News Egypt

EBRD provides $100m loan to Commercial International Bank of Egypt

EBRD is providing a subordinated loan of up to $100m to Commercial International Bank (CIB) to strengthen CIB’s capital base and support the growth of the bank’s lending in Egypt. The subordinated loan qualifies as Tier II capital under the recently modified regulations of the Central Bank of Egypt. It is the second time under …

Daily News Egypt