Egypt repaid $2bln in external debt to international and Gulf Banks

PHOTO

Egypt has repaid a total of $2 billion in external debt to international and Gulf banks by the end of August 2021, Al Shorouk News reported.

This debt was acquired in September 2020.

The country repaid $250 million for the UAE’s Mashreqbank, and $150 million for each of the Arab Banking Corporation, Standard Chartered, Citibank, and Bank ABC Islamic.

Egypt has also repaid an amount of $700 million to First Abu Dhabi Bank and Emirates Dubai.

It also repaid $50 million to Sumitomo Mitsui Banking Corporation, HSBC Middle East, Emirates Islamic, Gulf International Bank, Abu Dhabi Islamic Bank, National Bank of Kuwait (Dubai International Financial Center branch), Dubai Islamic Bank and Intesa SanPaolo, Samba Financial Group, and Sharjah Islamic Bank, each.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.