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Monday, 27 June 2016

Banque du Caire contributes EGP 450 mn to Petrotrade loan

Banque du Caire intends to contribute EGP 450 mn to an EGP 5 bn syndicated loan to the Egyptian Petroleum Trading Services Company (Petrotrade), Banque du Caire board member Ayman Mokhtar told Al Borsa. The loan will be paid back over five years and will be issued in one go, he added. As we had reported earlier, 13 banks are arranging an EGP 5 bn loan for Petrotrade to pay back debts to the Egyptian General Petroleum Company.

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