National Bank of Egypt (NBE) has approved granting credit facilities worth EGP800mn (USD90.1mn) for a local contractor company. The credit facility aims to finance some of the company’s businesses, Yehia Aboul Fotouh, Vice Chairman of NBE, said on Saturday. NBE’s financing for the contractors sector doubled from EGP20bn to EGP40bn currently. (Amwal Al Ghad)
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