Emirates NBD Egypt and the European Bank for Reconstruction and Development (EBRD) signed an agreement for a USD125mn subordinated loan to shore up the bank’s capital base and support its growth strategy aimed at becoming a leading private sector bank in Egypt. The subordinated loan qualifies as a Tier 2 capital as per the recently-modified regulations by the Central Bank of Egypt (CBE). It is the first time under new regulations that a third party lender provides such an instrument to an Egyptian bank. The EBRD financing package consists of two tranches: a USD50mn committed tranche and an uncommitted tranche worth USD75mn. Emirates NBD Egypt is a fully-owned subsidiary of the Emirates NBD Group; it now has over 2,200 staff spread over 65 branches. (The Daily News Egypt)   Emirates NBD (DU): AED8.79 as of 19 Feb. 2017, Rating: Buy, TP: AED9.80/share, MCap: USD13,312mn, EMIRATES UH/ENBD.DU