Latest in Tag: Loan Highlight
Latest in Tag: Loan
New IMF loan slows down US dollar appreciation against Egyptian pound
Egypt’s foreign reserves fall to $36.0037bn in May, from $37.037bn in April, says CBE
Afreximbank anticipates raising over $1bn in syndicated loan despite COVID-19
Market’s confidence in bank, despite current uncertainty, was testament to strength of Afreximbank’s investor relationships
NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties
Joint loan’s arrangement reflects participating banks’ support for real estate sector
Banque du Caire, EIB sign $100m loan agreement to finance SMEs
Fayed also emphasised that Banque du Caire’s keenness to boost and diversify its foreign currency funding resources is directed at financing SMEs, which are a cornerstone in economic growth and sustainable development.
EBRD grants $100m senior loan to QNB Alahli to support local businesses
EBRD ready to dedicate €21bn over 2020/2021 to combat economic impacts of coronavirus crisis
MNHD, NBE, Banque Misr, AAIB sign loan contract worth EGP 2.1bn
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
CBE issues new controls on loan instalment postponement
In March, the CBE issued regulations due to the coronavirus oubtreak allowing borrowers to defer paying instalments on bank loans for a period of six months.
saib coordinates EGP 750m syndicated loan for Dorra Group’s CRC
saib acted as bookrunner and agent of the deal, while the National Bank of Egypt participated as a bookrunner and financing promoter, and the Suez Canal Bank also served as bookrunner.
NBE maintains syndicated loan leadership in Egypt 1Q 2020: Bloomberg
Bank concludes 6 financing deals of total EGP 15.4bn
Consumer finance companies differ on CBE-offered loan payment delay
Drive securitises EGP 425m bonds, and will resume collecting postponed instalments from September
MSMEDA allows clients indefinite loan deferment
Agency to pump new funds for activities currently booming due to spread of coronavirus
Over 5 million beneficiaries for loan installments postponement: CBE
Banks reveal initiative details initiative, microloans in trouble
NSB defers loan repayments for 6 months under CBE’s initiative
Vice Chairperson and CEO of NSB Sharif Farouk denied what was reported about the bank not adhering to the CBE instructions due to his affiliation to the Ministry of Social Solidarity, noting that the bank coordinates with the CBE in this regard.
Initiative to postpone loan installments for 6 months applies to regular, irregular individuals, institutions: CBE
Initiative includes clients of financial leasing, real estate, factories , SMEs, personal loans, car loans, credit cards
Egyptian women loan defaulters do not exceed 1%: Minister of Planning
Holding WEF in Egypt while other countries cancel their international activities sends great message about economic situation in country: Maya Morsi
CBE doubles mortgage finance share to 10% total loan portfolio at banks
Growth of the real estate sector contributes to the continuous improvement of economic indicators: deputy governor
NBE, QNB syndicated loan of EGP 1.8bn to Concrete Plus Engineering, Construction
20% of the total cost of implementing a housing compound project in the beach area of New Alamein City
Increased max ratio of loan premiums increases bank profits, may affect asset quality: Beltone
CIB, QNB, Credit Agricole, and ADIB are the main beneficiaries of the decision
Banque Misr leads a banking consortium to provide EGP 2.9bn syndicated loan for Beshay Steel
The loan will finance inventory needed to operate ESISCO production lines
After a preliminary loan agreement with IMF, where does Ethiopian economy stand?
Ethiopia’s loan programme to address same challenges Egypt faced before November 2016
BM signs a loan agreement with the EIB worth € 500m to finance SMEs
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
Emirates NBD-Egypt, Marakez offers EGP 395m loan for new IKEA store
This step reflects the bank’s efforts in supporting the Egyptian economy, says Azab
Marakez develops Mall of Arabia with EGP 395m loan from Emirates NBD Egypt
The facility will be used to finance Mall of Arabia’s new development plans, including the development of Cairo’s first in-mall IKEA store in western Cairo with a gross leasable area of 22,000 sqm.
Misr Travel targets EGP 150m loan from EBRD
Talal Abu-Ghazaleh Organisation will complete the company’s restructuring in December: Source
SMEs account for 61% of the total ABE loan portfolio: ElKosayer
Bank pumped EGP 19bn to about 900,000 SMEs
AAIB sets up EGP 1.5bn syndicated loan to Marakez
Loan to finance 50% of new mall on Cairo-Sokhna road
MNHD, AAIB sign EGP 300m loan agreement to finance Sarai project
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
Inertia, Banque du Caire sign EGP 575m loan to develop company’s projects
Company eyes EGP 5.5bn sales of Jefaira project, says CEO
Raya Holding signs €5m loan agreement with EBRD
This is the first Developmental Financial Institution (DFI) to lend Raya since inception.
Raya Foods gets €5m loan from EBRD to finance expansion plan
The loan is expected to be disbursed in two instalments, the first of €3.4m and the second of €1.6m, Khalil noted.