Bank Audi-Egypt Pumps EGP260mn in Favor of EGPC’s EGP10bn Loan

Bank Audi –Egypt has participated with EGP260 million stake in the directed loan for Misr Petroleum Company and Petroleum Co-operative Society Company (CO-OP) which valued at EGP10 billion, said Mohamed Abbas Fayed Vice Chairman and Managing Director of Bank Audi.

Around 11 banks have participated in marketed share of the loan totalling EGP1.8 billion of the total loan value.

The loan that had signed in the last month in favor of CO-OP and Misr Petroleum with EGP10billion and this is the largest loan in the history of the banking sector.