ELAB Calls NBE to Pump EGP200mn in 2 Firms’ loan

By Salma Ayman On Sep 24, 2014

Chairman of Egyptian Arab Land Bank (ELAB) Abdel Meguid Mohy El-Din revealed that his bank has called the National Bank of Egypt (NBE) in order to pump EGP200 million in Petroleum Cooperative Society and Misr petroleum company loans that worth EGP10 billion.

Speaking to Amwal Al Ghad on Wednesday, Mohy El-Din explained that the bank finalised the feasibility study over the loan within the last days and it decided to inject EGP100 million in Petroleum Cooperative Society loan and other EGP100 million in Misr Petroleum Company.