Egypt's Banque du Caire agrees $200mln loan from Afreximbank

The loan would be used to help it expand into the African market, particularly through the manufacturing, infrastructure, and construction sectors

  
A branch of Banque Du Caire is pictured at the Upper Egypt city of Aswan, Egypt February 21, 2020.

A branch of Banque Du Caire is pictured at the Upper Egypt city of Aswan, Egypt February 21, 2020.

REUTERS/Amr Abdallah Dalsh

CAIRO - Egypt's third-largest state-owned bank Banque du Caire has agreed to a $200 million, five-year loan from Afreximbank, it said in a statement on Thursday.

The loan would be used to help it expand into the African market, particularly through the manufacturing, infrastructure, and construction sectors.

(Reporting by Ehab Farouk, writing by Nafisa Eltahir, editing by Chris Reese) ((Nafisa.Eltahir@thomsonreuters.com;))

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