Bank Misr working to strengthen Banque du Caire while awaiting its IPO
The public bank and its subsidiary are seeking financing, while the latter’s listing has been postponed due to Covid-19.
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▪ Bank Misr working to strengthen Banque du Caire while awaiting its IPO
▪ The public bank and its subsidiary are seeking financing, while the latter’s listing has been postponed due to Covid-19.
▪ https://www.africabusinessplus.com/en/805979/bank-misr-working-to-strengthen-banque-du-caire-while-awaiting-its-ipo/
As the pandemic continues to plague world economies, the Banque du Caire (BDC), one of Egypt’s leading banks, has requested $50m from the European Bank for Reconstruction and Development (EBRD). This advance, if approved by the multilateral institution, will be transferred as a senior loan for on-lending to the country’s micro, small and medium-sized enterprises.
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