Rami Lakah, Chairman of Holding Company for Financial Investment - Lakah Group, offered North Coast-based beach chalets to National Bank of Egypt (NBE), United Bank, Al Baraka Bank Egypt, and Arab African International Bank (AAIB) in return for settling debt interest reaching EGP 46 million.

Al-Mal gazette quoted Yahia Abul Fotouh, head of the debt settlement sector at the NBE as saying that the four lenders convened in the past few days at NBE headquarters with the presence of Lakah to lay out methods of settling the debt interest. He also noted that

NBE's share of this debt interest reaches EGP 30 million.

Abul Fotouh said that the four lenders will reply to Lakah's offer in the coming period.