Thursday 06, September 2018 by Kudakwashe

Egypt's NBE secures $600 million loan deal from China Development Bank

 

The loan deal was signed in Beijing, and it will be used to finance the working capital of the National Bank of Egypt’s (NBE) customers.

Egypt’s NBE announced that it has signed a $600 million loan agreement with the China Development Bank.

In 2016, NBE received a $700 million loan from the China Development Bank to finance infrastructure projects, reported Reuters

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