National Bank of Egypt mulls $225mn loan to support ports sector

National Bank of Egypt, the biggest state-owned bank, is studying arranging a 2 billion Egyptian pounds ($225.2 million) syndicated loan for the country’s port sector, said its vice chairman Monday.

Yehia Aboul Fotouh, NBE’s Vice Chairman, told Amwal Al Ghad that his bank also seeks, in cooperation with other banks, to secure a loan ranging between 4 and 5 billion pounds in favour of state-run Egyptian Electricity Transmission Company.