A banking alliance of 13 banks has seized a deal to secure a loan worth EGP5bn in favour of Egypt’s Petroleum Services Petrotrade. The financing will be used to repay the dues of Egyptian General Petroleum Corporation (EGPC). Sources said that amongst the consortium members are: National Bank of Egypt (NBE), Arab African International Bank (AAIB), Commercial International Bank (CIB), Banque Misr, Banque du Caire and National Bank of Abu Dhabi (NBAD). NBE, AAIB and CIB seized more than 50% of the financing. NBE acts as the main arranger and financing agent, according to the sources. The duration of the loan is five years. (Al Mal)   CIB: EGP43.44 as of 13 June 2016, Rating: Neutral, FV: EGP46.38 per share, MCap: USD5,645 million, COMI EY / COMI.CA