Latest in Tag: Loan Highlight
Latest in Tag: Loan
IMF loan gives Egypt new boost: Cabinet
In a Saturday statement, the cabinet added that the loan reflects confidence in Egypt’s capabilities to fulfil its international obligations and its ability to achieve the targeted economic growth rates.
Al-Sisi, IMF Managing Director discuss bilateral partnership following loan agreement
Meeting comes within IMF Managing Director Kristalina’s participation in COP27 in Sharm El-Sheikh
Egypt concludes staff-level agreement with IMF, announcement ‘very soon’
Great progress in loan negotiations on fiscal and monetary policies: Maait
EBRD supports Egypt’s green economy with $100m loan to Banque Misr for on-lending to local SMEs
The loan follows the success of the Green Economy Financing Facility (GEFF) in Egypt and will support an expansion of green lending in the country to under-served regions for investments in climate change mitigation and adaptation technologies and services.
IMF calls on Egypt to unify lending interest rates
Egypt’s economists weigh in on feasibility of IMF’s demands
WB approves $500m-loan to improve resilience of Egypt’s agriculture sector
After a period of extensive dialogue and coordination between Egypt’s ministries and World Bank officials, the WB approved a loan for the establishment of the Emergency Food Security and Resilience Support Project, which aims to reduce the global impact of the conflict in Ukraine on food and nutrition security in Egypt.
HSBC pledges EGP 1bn in loans for tech entrepreneurs
New pledge is HSBC’s third high growth SME lending proposition in 6 months
Egypt receives $282m loan tranche as part of AMF Structural Adjustment Facility
Loan aims to help Egypt implement economic, financial reforms, while strengthening its resilience to various challenges
Fawry’s General Assembly considers approving EAEF loan to its microfinance arm
Company’s General Assembly also discusses initial financing offer from Banque Misr valued at EGP 150m
Sanad Fund grants Banque du Caire $30m subordinated loan
The transaction will be used to strengthen bank’s capital base and enhance its ability to finance its customers, especially MSMEs
RTVC close to obtaining EGP 3.3bn of syndicated loan
The funding will be provided in two tranches, with the first tranche amounting to a total of EGP 2.438bn. The first tranche of funding will be directed to financing lease contracts for the Technolease Leasing Company, at an amount of EGEP 2.138bn. A further EGP 300m will be provided by Banque Misr, to pay a debt incurred by RTVC.
HDB takes part in EGP 650m syndicated loan to finance Borg El-Arab pharmaceutical plant
The alliance also includes the Export Development Bank of Egypt (EBE), Egyptian Arab Land Bank (EALB), Industrial Development Bank (IDB), and the Suez Canal Bank (SCB).
EBRD grants Banque du Caire $50m loan to support MSMEs
The loan will assist the Egyptian bank in developing its MSME lending activities, and expand access to finance for underserved MSMEs.
Banks to study impacts of interest rate cut on savings, loan products
Returns on some savings certificates and loans automatically dropped by 0.5% after corridor price falls
Edita, Arab Bank sign EGP 105m medium-term loan
The facility, which comes with a seven-year term, is eligible for issue under the umbrella of the Central Bank of Egypt (CBE) initiative granting loans with an interest rate of 8%.
Banks explore repayment options of deferred loan instalments during COVID-19
Complete inventory is being undertaken of clients benefiting from CBE loan deferral initiative
CBE directs banks to take appropriate measures on deferred loan instalments
Each bank must conduct careful review of existing credit facilities, and their customers’ future cash flows, to determine appropriate measures in this matter
EBRD grants $14m equity loan, co-finances $40m for Egypt’s Kom Ombo solar plant
Project will add 200 MW of renewable energy to national electricity grid capacity
South Sudan seeks $250m Afreximbank loan to cushion COVID-19 impacts
Lily Albino Akol, South Sudan deputy minister of agriculture and food security, said Afreximbank loan will be used to procure necessary supplies
EBRD grants Olam International Limited $200m loan to strengthen agribusiness
Bank grants finance to strengthen agribusiness value chain, trade across Eastern Mediterranean, Eastern Europe, and Black Sea regions
GB Capital increases loan portfolio to EGP 10.6bn in H1 of 2020
Haram Tourism Transport completes largest operational lease contract in Egypt for over 600 vehicles
EBRD approves $100m solidarity loan to Egypt’s Banque Misr
Proceeds of proposed loan will be on-lent to local SMEs, corporates
Banque du Caire arranges EGP 670m syndicated loan to Marakez
Loan to finance 50% of total estimated investment cost of Mall of Katameya’s second phase
EBRD approves $50m loan for Gulf of Suez wind farm
The plant is to be located in the Gulf of Suez, approximately 40 km north-west of Ras Ghareb.
Egypt, AMF sign $639m loan to support financial sector reform
WAM reported, on Wednesday, that the loan agreement was signed last week, and aims to support reform efforts and measures taken to help limit the economic and financial repercussions of the global pandemic.
IFC provides CIB Egypt $100m loan to support businesses disrupted by COVID-19
IFC’s commitments in Egypt since 2005 has reached $4bn
CIB obtains $100m support loan from CDC
Loan forms part of executive management plans to strengthen CIB’s capital base, in preparation for expected economic recovery
NBE, AAIB mull $750m loan for Abu Tartur phosphate project
Project’s implementation is likely to start in 4Q 2020
Banque Misr arranges EGP 1.5bn loan to finance Damietta Furniture City
Project aims to establish integrated industrial city that includes furniture manufacturers and specialists
Egypt’s new IMF loan agreement stimulates stock market
The benchmark index EGX30 closed at 11,108 points, while the EGX70 EWI rose 3.09% to 1,259 points, and the EGX100 EWI rose 3.31% to 2,028 points.