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Wednesday, 4 May 2016

NBE studies EGP 7 bn loans to energy, transportation sectors

NBE is currently studying new loans worth a combined EGP 7 bn to companies operating in the energy and transportation sectors, Deputy Chairman Yehia Aboul Fetouh told Al Mal. The loans include EGP 2 bn to a company operating in the ports sector, an EGP 2 bn loan to a company operating in petroleum products to be paid over seven years, and an EGP 3 bn loan to an electricity company. Aboul Fetouh didn’t reveal the names of the companies, but expects a consortium to be formed with domestic banks to cover the loans. (Read in Arabic)

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