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CDB provides $100 million loan to Banque Misr for on-lending to Egyptian SMEs
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Banque Misr |
| Country | Egypt |
| Start Date | Jan 20, 2016 |
| End Date | Jan 02, 2027 |
| Duration | 4,000 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 52704 |
Grant Description
CDB provides $100 million loan to Banque Misr for on-lending to Egyptian SMEs On January 20, 2016, China Development Bank and Banque Misr — a bank that is wholly owned by the Government of Egypt — signed a $100 million loan agreement to facilitate on-lending to Egyptian small and medium enterprises (SMEs).
The agreement was signed in Cairo by the Chairman of the China Development Bank (CDB), Hu Huaibang, and the Chairman of Banque Misr, Mohamed Mahmoud Eletreby.
Staff Comments
1. While both Banque Misr and CDB have both confirmed the issuance of the loan, there are no records of disbursement via publicly accessible financial statements, annual reports, or audits from the financial institutions.
Sources & References
- Egyptian
- Chinese banks sign loan deals to enhance financial cooperation
- Banque Misr signs a $100m loan agreement with Chinese CDB
- Banque Misr signs $100 million loan with China Development Bank
- Egyptian
- Chinese banks sign loan deals to enhance financial cooperation
- Banque Misr obtains $100m loan from China Development Bank, بنك مصر يوقع اتفاقية قرض بـ 100 مليون دولار مع CDB مصرف التنمية الصينى
- Banque Misr inaugurates representative office in China
- China Database
- 国开行“一带一路”人民币专项贷款首次落地埃及-新华网
- Chinese Loans to Africa Database
- China's Overseas Development Finance
- 国开行“一带一路”人民币专项贷款首次落地埃及
- Banque Misr to get US$500m loan from China Development Bank Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Banque Misr
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