Egypt’s AAIB bank negotiating $110 million loans from EBRD, SANAD Fund

Egypt’s Arab African International Bank (AAIB) is currently negotiating loans worth $110 million with two international financial institutions to boost its liquidity of foreign currency.

The Egyptian bank is in talks to secure around $60 million loan from the European Bank for Reconstruction and Development (EBRD), a banking source with knowledge told Amwal Al Ghad on Sunday.

AAIB also seeks to borrow $50 million from the SANAD Fund for MSMEs, part of the German state-run Kfw Development Bank, the source added.

Earlier this year, the AAIB bank signed a $100 million loan with the International Finance Corporation (IFC).

Nevine Sabbour, AAIB’s deputy managing director, told Amwal Al Ghad on Saturday, that her bank is in talks to secure dollar-dominated loans from some international financial institutions, including the EBRD.

The loans are to support AAIB’s balance sheet, Sabbour added.

Several banks in Egypt had recently secured dollar-dominated loans from international financial institutions to bolster foreign currency liquidity.

Below the list of banks in Egypt that secured foreign loans.

The Bank

Loan Value


Bank Audi SAE

$30 million


Union National Bank – Egypt

$50 million

Parent Abu Dhabi-based UNB Bank

Crédit Agricole Bank – Egypt

$30 million

Parent Crédit Agricole SA (France)


$100 million


Banque Misr

$1.1 billion

A group of Chinese financial institutions

QNB AlAhli Bank

$140 million


National Bank of Egypt (NBE)

$300 million

African Export-Import Bank (Afreximbank)

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