Cairo – Mubasher: Banque Misr has hired Citigroup to arrange a $500 million syndicated loan, Reuters reported.

Chairman of Banque Misr Mohamed El Etreby had previously said that the bank has hired an international bank to obtain a $500 million loan to be used in financing future expansions.

It is worth noting that the bank is arranging a $600 million loan for the National Bank of Egypt (NBE).