Latest in Tag: Loan Highlight
Latest in Tag: Loan
IMF, Egypt reach agreement on 3-year $12bn extended fund facility
CBE’s aim to move to flexible exchange rate will strengthen competitiveness, says head of IMF mission
IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare …
In Cartoon: Egypt does not welcome The Economist’s message
Egypt, IMF to postpone unifying exchange rate until first tranche of loan arrives
Government moving quickly towards loan, while mission concerned about Cairo’s ability to implement and follow up on reforms, says former IMF official
Banque du Caire aims for 10-12% growth in loan portfolio by year’s end: Financial Sector manager
The bank aims to increase its deposit portfolio to EGP 91bn, says Ismail
Investment Ministry examines readiness of 17 or 18 state-owned companies before listing on the EGX: state official
IMF mission is scheduled to review the IPO plan in the government’s reform programme as part of the procedures to approve the $12bn loan to Egypt
IMF deal would be credit positive for Egypt: Fitch Ratings
Government is explaining the importance of the loan to parliament, not concerned about high US dollar exchange rate, says finance minister
Egypt to answer IMF inquiries over the next 14 days
IMF will request the implementation of CGT and reduction of domestic debt
Egypt targets $21bn loan over 3 years to finance economic programme
IMF to offer $12bn, while the World Bank, AFDB, and international bonds will secure the remainder of the loan
Sabaa Pharmaceuticals spends EGP 15m from benevolent loan to stimulate production
Sabaa announced in May 2014 that senior shareholders planned to lend it EGP 30m as a benevolent loan.
TBEA China awaits response from Electricity Ministry to complete loan of $500m from the Export-Import Bank of China
Offer expires after two months
NBE signs EGP 1.98bn loan with Alexandria National Refine and Petrochemical
The loan is earmarked to establish a naphtha and continuous catalyst regeneration unit with a capacity of 850,000 tonnes per year
Parliament to vote Tuesday on loan worth $243m from the Arab Monetary Fund
Egypt has obtained loans from the Arab Monetary Fund worth $1.6bn through 13 loan agreements since the bank’s foundation in the 1970s. The total loans provided by the fund to its members amount to $8.2bn
CBE confirms banks’ commitment to its instructions for financing small, very small projects
The Central Bank of Egypt (CBE) affirmed that the banks operating in the Egyptian market are committed to its instructions for financing small and very small projects. Some media reports claimed that some people in business had received the funds allocated to the small projects according to the CBE’s initiative launched in January, the CBE …
Parliament’s economic committee to discuss AMF’s loan on Tuesday
The loan is worth $243m with an interest rate of 1.2% and 0.25% service fee, says El Araby
SMEs acquire 7.5% of Emirates NBD Egypt’s loan portfolio
Guaranteeing loans for micro-enterprises via Credit Guarantee Company will encourage banks to finance them
World Bank loan contingent on parliament’s approval of VAT: ministry source
Lack of funding and experience are main obstacles for SMEs, says minster of international cooperation
World Bank to disperse $1 bn loan instalment upon approval of government programme
The loan instalment is a portion of the $3 bn loan package signed between the government and Egypt in December 2015
HDB posts SME loan portfolio of EGP 1bn: CEO
SMEs constitute 12% of the bank’s loan portfolio
SMEs comprise 9.5% of United Bank’s loan portfolio by end of December 2015
We target 25% increase in funds directed to SMEs from the total loan portfolio within four years, says Abdul Hamid
Emirates NBD grants Global Lease EGP 50m loan
Loan to increase company’s total investment obtained from debt to EGP 750m, and will be used to finance leasing activities
AAIB arranges EGP 2.5bn syndicated loan for Holding Company for Food Industries
Bank attracts EGP 25bn new deposits during first nine months of 2015
Cloaks and dollars: World Bank’s $1bn, VAT, and misalignment within government
An attempt to provide an account of the brief history of the World Bank loan agreements, negotiations surrounding VAT, and the implications of parliamentary intransigence
In Cartoon: World Bank Loan
CBE announces EGP 5bn loan programme for industry, manufacturing
The loans will be allocated for the purchase of machines and equipment to expand production capacity, and will have a decreasing interest rate initially set at 7%
Minister of International Cooperation attains ‘miracle’ World Bank loan to be directed to general budget: Minister of Investment
Palm Hills sales of approximately EGP 6.5bn, its decision to distribute liquidity in cash on stakeholders reflects optimism and trust in real estate sector
IFC approves $144m loan to Egypt’s Sonker Bunkering Company
The financial loan package is jointly provided by the IFC, EBRD and CIB
Egypt signs 21 economic cooperation agreements with China
China lends Egypt $1.8bn, $800m of which is for NBE and Banque Misr
QNB-Alahli loan portfolio augmented to EGP 61.5bnin 2015
The bank acquired 7.82% of the total loans provided by the Egyptian banking system, and 5.68% of total deposits
AfDB approves a $500m loan for Egypt’s economic development programme
AfDB seeks to support Egypt’s budget with $1.5bn over three years, says Minister of International Cooperation