Banque du Caire in talks for $30m loan

Cairo - Mubasher: Banque du Caire is in negotiations with a number of financing institutions to obtain a $30 million loan, according to chairman Tarek Fayed.

Fayed told Mubasher on Tuesday that the new loan will be directed towards financing exporting activities.

The bank’s chairman previously said that Banque du Caire is seeking loans between $50 million and $100 million before the end of the year.

MUBASHER Contribution Time: 16-Oct-2018 20:02 (GMT)
MUBASHER Last Update Time: 16-Oct-2018 20:02 (GMT)