Banque Misr to receive China Development Bank’s $100mn loan in February

By Yomna Yasser On Feb 4, 2016

Egypt’s second-largest state lender, Banque Misr, is expecting to receive a $100 million loan from China Development Bank (CDB) in February to finance small and medium enterprises, its chairman told Reuters in an interview Thursday.

Banque Misr is also considering issuing eurobonds, Mohamed Mahmoud Eletreby said, without giving a timeframe.