Egypt’s Banque du Caire agrees $200 million loan from Afreximbank

A branch of Banque Du Caire is pictured at the Upper Egypt city of Aswan, Egypt February 21, 2020. (Reuters)
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Updated 11 June 2021
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Egypt’s Banque du Caire agrees $200 million loan from Afreximbank

  • Loan to help bank expand into the African market
  • Banque du Caire is Egypt’s third-largest state-owned bank

CAIRO, June 10 : 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.