Cairo: The National Bank of Egypt (NBE) has signed a $600 loan agreement with China Development Bank (CDB).

The loan agreement aims at financing the working capital of the Egyptian bank’s customers.

The chairman of NBE, Hesham Okasha said in a statement on Wednesday that the deal will enhance the confidence of international institutions in Egyptian economy, which has undergone many reforms over the last few years.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

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.