By: Islam Fadl

Cairo – Mubasher: Egyptian Arab Land Bank’s (EALB) US dollar proceeds have reached $500 billion since the beginning of October 2017.

Since early 2019, the lender’s USD proceeds have registered $300 million, the bank’s deputy chairman Amr Gad Allah told Mubasher on Thursday.

USD proceeds help the bank meet the market’s needs and contribute to foreign-currency loans, he added.