The National Bank of Egypt (NBE) is also out with a statement on its 9M performance in the syndication market, saying in a press release (pdf) it was ranked third as facility agent, fourth as bookrunner and fifth as marketer of syndicated loans in MENA during the period.
NBE closed 38 financing agreements for a total value of EGP 164 bn during the first nine months of 2021.
NBE Chairperson Hisham Okasha said this success came due to the bank’s interest in supporting the national economy, providing the financing for economic growth in various sectors, especially those that support national projects.
Okasha emphasised the importance of joint loan deals with creditworthiness and economic viability. These positively contribute to creating added value for the Egyptian economy, advancing development and providing job opportunities.
NBE Deputy Chairperson Yehia Aboul Fotouh said this success came as a result of the strong network of ties that link the bank with local and foreign banks. He emphasised that the latter have confidence in the NBE’s ability to complete and manage major deals with professionalism.
