EBRD extends $100 mln loan to Egypt’s Banque Misr for MSMEs

The European Bank for Reconstruction and Development (EBRD) grants Banque Misr a $100 million loan for on-lending to local micro, small and medium-sized enterprises (MSMEs), according to its statement on Monday.

The loan aims to support the resilience of the real economy in Egypt and will help to fund the expansion of Banque Misr’s activities outside of the Greater Cairo region and increase the availability of medium-term funding for Egyptian MSMEs.