Egypt: African Development Bank supports Commercial International Bank with $148 million to prop up SMEs and trade
Finance Programme name: Financial package to Commercial International Bank of Egypt (CIB) Instruments and amounts: $10 million Line of credit with a tenor of 10 years, $90 million subordinated loan with a tenor of 10 years, $32 million trade finance line of credit with a tenor of 3.5 years $16…
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Source: CIB