Medhat Qamar, GM for NPL Restructuring at National Bank of Egypt (NBE) said that the bank, along with three other lenders, namely Arab African International Bank (AAIB), Al Baraka Bank Egypt, The United Bank, will re-study the in-kind offer made by businessman Ramy Lakah, Chairman of Holding Company for Financial Investment - The Lakah Group to settle the remaining debts estimated at EGP 230 million.

Businessman Ayoub Adly Aboub, who guaranteed Lakah’s liabilities, had submitted some days ago a new debt settlement project to NBE, which includes obtaining villas in Stella Heliopolis and Stella Heights in East Coast.