NBE & Misr & QNB Al Ahli sign a contract with 2 billion pounds to finance "City Gate" Project
Consortium that includes the National Bank of Egypt as the financing agent, Banque Misr as the guarantee agent, in addition to QNB Alahli as the revenue account bank, succeeded in arranging loan with a total amount of EGP 2 billion for East Gate New Cairo Real Estate Investments Company, a subsidiary of Qatari Diar, In order to finance part of the investment cost of the first phase of the company's project "City Gate" in New Cairo with an approximate area of 2020 acres.
Commercial International Bank (CIB), Egypt’s leading private sector bank, and FMO, the Dutch entrepreneurial development bank, announced that they signed a credit guarantee agreement, worth USD 50 mn, to cover loans granted to the Bank’s micro, small and medium enterprises (MSMEs), including underserved segments such as women, youth and migrant borrowers.
saib bank said the strong and balanced performance continued, during 2022, despite the global economic and financial changes and their consequences locally, and this is evidenced by the growth in the total portfolio of loans and facilities for customers in local currency by 69% compared to the end of 2021, to reach EGP 29.1 bn on December 2022, compared to EGP 26.6 bn at the end of December 2021.
The Housing and Development Bank organized its annual celebration to honor the best sector in the bank “Best Team” for the year 2022, within the framework of the Housing and Development Bank’s constant keenness to motivate and encourage its employees to create a healthy work environment.