SFD to ink EGP25mn loan with Egypt’s state-owned agriculture bank PBDAC
Egypt’s main agricultural bank, Principal Bank for Development and Agricultural Credit (PBDAC), will sign on Thursday a financing package deal with the country’s Social Fund for Development (SFD), the bank’s Chairman El-Sayed El-Kosayer announced on Wednesday. El-Kosayer said that the financing package is worth EGP25mn (USD2.8mn). The funding will be used to finance agricultural projects in the country, El-Kosayer added. (Amwal Al Ghad)
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