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ALEXBANK inks $100m deals with EBRD

ALEXBANK inks $100m deals with EBRD
The funding will be used to finance SMEs

Cairo – Mubasher: ALEXBANK has signed agreements worth $100 million (EGP 1.55 billion) with the European Bank for Reconstruction and Development (EBRD).

The deals include an amount of $50 million and will be used to finance small- and medium-sized enterprises (SMES), according to a statement on Sunday.

 Moreover, EBRD will also provide a funding worth $50 million as part of its trade facilitation programme.