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Banks arrange $250m facility for Banque MisrBahrain-based Bank ABC said it along with Emirates NBD Capital, HSBC Bank Middle East, Mashreqbank and Union National Bank arranged a $250 million syndicated term loan facility on behalf of Banque Misr Egypt. They were acting as m More… |
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Egypt's Banque Misr closes $250m loanBanque Misr has raised a $250 million loan of three years duration that Egypt's second-largest state lender will use for general funding purposes, the coordinator of the deal said on Sunday. The transaction is the first time t More… |
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Banque Misr to cut bad debtsState-owned Banque Misr, Egypt's second-biggest commercial bank by assets, expects government firms to repay 5.5 billion Egyptian pounds ($984 million) in overdue debts within weeks, slashing its stock of bad loans. Egypt has been cleaning More… |
