Banque Misr says led syndicated loans worth $1.4 bln in 2019

Banque Misr said on Sunday it had been the mandated lead arranger for 13 syndicated loans totalling 22.73 billion Egyptian pounds (around $1.415 billion) during 2019.

The bank, Egypt’s second largest public lender, had also taken part in 12 funding agreements with a total value of 26.28 billion pounds ($1.636 billion).

According to Bloomberg’s 2019 report, Banque Misr was ranked first in Egypt in terms of arranging and marketing syndicated loans. The bank was also ranked sixth mandated lead arranger across Africa.