Banque du Caire returns to the EBRD amid currency stress
The European financial institution is backing the financial group and three other Egyptian banks in US dollars for their SME loans when access to the dollar is shrinking in Egypt.
27/10/2023 at 16h55, by Africa Business+
Recommended articles
Development Bank
22/12/2023 at 14h38, by Africa Business+
After CIB and aiBANK, pan-European institution now backs National Bank of Egypt
The country’s leading financial operator is securing loans from the EBRD at a tense time for the Egyptian...
Commercial banking
17/11/2023 at 20h13, by Africa Business+
Egypt’s Commercial International Bank seeks EBRD for $150 million
The international donor has just awarded Egypt’s third-largest bank, CIB, $150 million.
Maritime transport
18/08/2023 at 16h18, by Africa Business+
Egypt: EBRD joins IFC and Proparco to finance the second terminal at the port of Damietta
Of the $665 million sought to support the expansion of this leading Egyptian port, the promoters could...
Bank
27/04/2023 at 17h48, by Africa Business+
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...
Oil & Gas
20/11/2020 at 13h51, by Africa Business+
SDX Energy to sign new $10m agreement with EBRD
The British oil & gas producer already has a payment facility with the European Bank for Reconstruction...
Construction & Infrastructure
14/09/2020 at 16h50, by Africa Business+
Nassef Sawiris (Orascom) secures working capital from EBRD
Anticipating a growing need for working capital in the coming months, the Egyptian billionaire’s construction...