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The European Bank for Reconstruction and Development (EBRD) is studying the provision of a senior unsecured loan of up to $100 million to one of the oldest and biggest banks in Egypt, Banque Misr.
The external facade of Banque Misr’s historic building on Mohamed Farid Street, Downtown Cairo (Photo: Isopix/Shutterstock)
The new loan, pending a final review, will be on-lent to eligible micro, small, and medium enterprises (MSMEs) in Egypt.
It will “support BM’s lending activities and expand access to finance for the underserved MSME segment.” the bank said in a statement on Wednesday.
