Banque Du Caire Offers EGP 250 Mln Facility To Food Industry Company

Banque Du Caire has approved to offer credit facilities worth EGP 250 million to finance the working capital of a company of food industries specialized in wheat and fodder.

The bank has also approved to offer credit facilities worth US$ 34 million with period of 30 months to Middle Delta Electricity Production Company to finance the importing of spare parts for the company’s power plants, said Tamer Moustafa, head of corporate credit sector at the bank.

Banque Du Caire’s corporate credit portfolio reached EGP 11.6 billion at the end of 2012, he added.