NBE Arranged EGP 80 Bln Syndicated Loans Between 2008-2011

The National Bank of Egypt (NBE) arranged syndicated loans amounting to EGP 80 billion for the period from 2008 to 2011, sources said.

NBE offered finances of EGP 30 billion and asked other banks to contribute with EGP 50 billion to such syndicated loans. NBE was named by Bloomberg as the leading book runner of syndicated loans by market share in the Middle East and North Africa (MENA) with a 13% market share in 2011. The bank was also the number-two mandated arranger by market share in the region with a 5.5% market share.

NBE was book runner for six deals worth a combined EGP 15.47 billion and mandated arranger for eight transactions worth EGP 13.1 billion in 2011.

The bank is a key player in arranging syndicated loans in Egypt as the bank arranged a 10-year finance worth EGP 4.6 billion for East Delta Electricity Production Company for which the bank received The Banker’s award for the best deal in 2012.