Afreximbank planning to lend USD500mn to Egyptian banks in 2018
Afreximbank plans to lend USD500mn to Egyptian banks in 2018, according to the bank’s Vice President, Amr Kamal. He added that Afreximbank is currently in negotiations with CBE regarding the new loans. Afreximbank has signed another USD500mn agreement on Friday with Export Development Bank of Egypt (EDBE) and the Export Credit Guarantee Company of Egypt under the Export Credit Support Scheme, with the aim of expanding export and commercial mechanisms for Egyptian exporters to African countries.
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