VOL. XLIV
No. 15
9-APRIL-2001
EGYPT
IFC To Invest $30Mn In Egyptian Investment Bank
The International Finance Corporation (IFC) announced on 4 April that it had agreed to invest $30mn in Egypts EFG-Hermes Holding SAE, one of Egypts leading investment banks. The loan will support the banks regional expansion and allow for the establishment of new lines of business in Egypt. In a statement, the IFC confirmed that the facility is an explicit effort to contribute to developing the regions financial...
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