21 October 2007

GB Auto seeks LE 2.2 billion loan

Arab Finance: According to Al Alam Elyom; Banks in Egypt, including Banque Misr and that National Bank of Egypt, are currently studying pumping new investments of more than LE 10 billions, of which the National Bank of Egypt is to contribute LE 7.8 billion.
From another perspective; GB Auto is seeking a 5-years, LE 2.2 billion, tenor loan from Banque Misr to finance future expansions, Banque Misr, on its part, has started marketing the loan with other banks including National Bank of Egypt, NSGB, Export Development Bank of Egypt, and United Bank