Banque Misr negotiating $150 mln loan to boost foreign currency liquidity

Egypt’s second-largest state lender, Banque Misr is negotiating with some foreign financial institutions for a $150 million loan to shore up its foreign currency resources, bank’s chief Mohamed Eletreby said Tuesday.

Banque Misr has recently received a $300 million loan from the Bahrain-based Bank ABC. The Egyptian lender is also in talks over €300 million syndicated loan.