CIB in talks for EGP700-800mn loans from FDA and IFAD
Commercial International Bank (CIB) is currently in talks to obtain two loans worth EGP700-800mn, in collaboration with the Ministry of international cooperation. These loans will be allocated for the agricultural sector, according to an official at CIB, who added that the two loans will be given by the French Development Agency (FDA) and the International Fund for Agricultural Development (IFAD). (Al Mal) CIB: EGP52.93 as of 10 October 2016, Rating: Neutral, FV: EGP46.38 per share, MCap: USD6,878mn, COMI EY / COMI.CA
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