NBK-Egypt in advanced stage to obtain IFC US Dollar loan

National Bank of Kuwait- Egypt (NBK-E) announced in a bourse statement Thursday that it reached an advanced stage with the International Finance Corporation (IFC) to obtain a US Dollar loan.

On October 2015, NBK Egypt has signed a loan contract of $50 million with the European Bank for Reconstruction and Development (EBRD) to finance small and medium-sized enterprises (SMEs).