EBRD preferred by Mohamed el-Etreby, Banque Misr
Egypt’s second-largest Bank is turning to development institutions to fund itself and expand its SME lending portfolio while the central Bank keeps interest rates high.
27/04/2023 at 17h48, by Africa Business+
Banque Misr will receive new multilateral funding. The Egyptian financial group, under Mohamed el-Etreby since 2015, will receive a senior unsecured loan of up to $100 million from the European Bank for Reconstruction and Development (EBRD).
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