Tarek Amer, chairman of National Bank of Egypt, comments on the changing political and economic environment in the North African country one year after a popular uprising ended the 30-year rule of Hosni Mubarak.
Sudan’s central bank gave a license to the National Bank of Egypt to operate in the African country, Central Bank Governor Mohamed Khair al-Zubair told parliament today in Omdurman, a suburb of the capital, Khartoum.
National Bank of Egypt’s sale of five-year bonds will total as much as $600 million and may be priced to yield about 5.25 percent, according to a banker involved in the transaction. The notes are being issued through Nile Finance Ltd.
National Bank of Egypt may grant a 1.2 billion-Egyptian pound ($201 million) loan to a group of companies bidding for a private public partnership project, Al Mal newspaper reported, citing unidentified sources.