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Wednesday, 27 April 2016

Czech Republic Export-Import Bank looking to grant NBE, Export Development, Suez Canal banks credit facility

The Czech Republic Export-Import Bank is considering a credit facility to the National Bank of Egypt, the Export Development Bank of Egypt, and the Suez Canal Bank, said an official from the Export-Import Bank, who didn’t mention the size of the facility. The bank will likely require guarantees by the government to grant the facility. Czech exporters are looking for guarantees to guard against FX problems before committing to Egypt, the official added. The Czech Republic Export-Import Bank had signed an agreement with the General Authority for Investment and Free zones (GAFI) to promote Egyptian investments in the Czech Republic, GAFI’s head of policy tells Al Borsa. (Read in Arabic)

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