Cairo - Mubasher: Banque du Caire is in negotiations with a number of financing institutions to obtain a $30 million loan, according to chairman Tarek Fayed.

Fayed told Mubasher on Tuesday that the new loan will be directed towards financing exporting activities.

The bank’s chairman previously said that Banque du Caire is seeking loans between $50 million and $100 million before the end of the year.