{"id":325354,"date":"2022-05-09T12:54:53","date_gmt":"2022-05-09T12:54:53","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325354"},"modified":"2022-05-09T12:54:53","modified_gmt":"2022-05-09T12:54:53","slug":"nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/","title":{"rendered":"NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The National Bank of Egypt (NBE) \u2014 in its capacity as a financing agent \u2014 and the Agricultural Bank of Egypt (ABE) \u2014 in its capacity as a guarantor \u2014 signed a joint loan contract for the benefit of the General Authority for Reconstruction Projects and Agricultural Development with a value of EGP 3bn. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This is to provide the necessary funding for the implementation of the pilot phase of the modern irrigation system in the governorates of Beni Suef and Qaliubiya as an initial stage.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Yahya Aboul-Fotouh \u2014 Vice Chairperson of NBE \u2014 said that the bank believes in the importance of financing vital national projects and targeting the development of various economic sectors \u2014 including the agricultural sector \u2014 as well as providing financing opportunities for many agricultural projects in order to achieve sustainable development through advanced farming methods. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This aims to maximise the return and ensure optimal use of the state\u2019s water resources. He added that this joint funding will directly contribute to developing and enhancing the efficiency of the irrigation system in Egypt.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For his part, Sami Abdel Sadil \u2014 Vice Chairperson of ABE \u2014 stressed the bank\u2019s keenness on supporting the state\u2019s efforts to achieve sustainable development in the agricultural sector through integrated financing solutions that target developing it. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He explained that this loan aims to help the owners of agricultural lands located in the valley and the delta to provide financing for rehabilitating and equipping irrigators and switching to the use of modern irrigation networks in cooperation with the Ministries of Agriculture and Water Resources and Irrigation, adding that this step will contribute to developing the agricultural sector and enhancing productivity.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Ayman Al-Shamy \u2014 Head of the Corporate Finance Sector at the NBE \u2014 said that this loan was arranged within the framework of the national initiative to develop irrigation and switch to modern irrigation methods to ensure high productivity rates of agricultural crops in addition to supporting the capacities of farmers benefiting from the initiative. He also praised the fruitful cooperation and harmony between the two banks. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Furthermore, he said that the loan aims to provide the necessary financing to implement the pilot phase of the modern irrigation system in Beni Suef and Qaliubiya with a total amount of EGP 3bn, distributed at EGP 2bn and EGP 1bn for each governorate, respectively. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This amount shall support farmers in the two governorates to help them shift from flood irrigation systems to modern irrigation systems as well as rehabilitating irrigators. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The loan will be repaid in 10 annual instalments, providing support to the agricultural sector.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Egypt (NBE) \u2014 in its capacity as a financing agent \u2014 and the Agricultural Bank of Egypt (ABE) \u2014 in its capacity as a guarantor \u2014 signed a joint loan contract for the benefit of the General Authority for Reconstruction Projects and Agricultural Development with a value of EGP 3bn.<\/p>\n","protected":false},"author":4,"featured_media":325355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[138,401],"class_list":["post-325354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-agricultural-bank-of-egypt","tag-nbe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development - egy-africa<\/title>\n<meta name=\"description\" content=\"The National Bank of Egypt (NBE) \u2014 in its capacity as a financing agent \u2014 and the Agricultural Bank of Egypt (ABE) \u2014 in its capacity as a guarantor \u2014 signed a joint loan contract for the benefit of the General Authority for Reconstruction Projects and Agricultural Development with a value of EGP 3bn.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development - egy-africa\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) \u2014 in its capacity as a financing agent \u2014 and the Agricultural Bank of Egypt (ABE) \u2014 in its capacity as a guarantor \u2014 signed a joint loan contract for the benefit of the General Authority for Reconstruction Projects and Agricultural Development with a value of EGP 3bn.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T12:54:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/\",\"name\":\"NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1\",\"datePublished\":\"2022-05-09T12:54:53+00:00\",\"dateModified\":\"2022-05-09T12:54:53+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\"},\"description\":\"The National Bank of Egypt (NBE) \u2014 in its capacity as a financing agent \u2014 and the Agricultural Bank of Egypt (ABE) \u2014 in its capacity as a guarantor \u2014 signed a joint loan contract for the benefit of the General Authority for Reconstruction Projects and Agricultural Development with a value of EGP 3bn.\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1\",\"width\":768,\"height\":430},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\",\"name\":\"Aya Abdulghany\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"caption\":\"Aya Abdulghany\"},\"sameAs\":[\"http:\/\/egy-africa.com\",\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development - egy-africa","description":"The National Bank of Egypt (NBE) \u2014 in its capacity as a financing agent \u2014 and the Agricultural Bank of Egypt (ABE) \u2014 in its capacity as a guarantor \u2014 signed a joint loan contract for the benefit of the General Authority for Reconstruction Projects and Agricultural Development with a value of EGP 3bn.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/","og_locale":"en_US","og_type":"article","og_title":"NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development - egy-africa","og_description":"The National Bank of Egypt (NBE) \u2014 in its capacity as a financing agent \u2014 and the Agricultural Bank of Egypt (ABE) \u2014 in its capacity as a guarantor \u2014 signed a joint loan contract for the benefit of the General Authority for Reconstruction Projects and Agricultural Development with a value of EGP 3bn.","og_url":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/","og_site_name":"egy-africa","article_published_time":"2022-05-09T12:54:53+00:00","og_image":[{"width":768,"height":430,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1","type":"image\/jpeg"}],"author":"Aya Abdulghany","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aya Abdulghany","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/","url":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/","name":"NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1","datePublished":"2022-05-09T12:54:53+00:00","dateModified":"2022-05-09T12:54:53+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131"},"description":"The National Bank of Egypt (NBE) \u2014 in its capacity as a financing agent \u2014 and the Agricultural Bank of Egypt (ABE) \u2014 in its capacity as a guarantor \u2014 signed a joint loan contract for the benefit of the General Authority for Reconstruction Projects and Agricultural Development with a value of EGP 3bn.","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1","width":768,"height":430},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2022\/05\/09\/nbe-abe-provides-egp-3bn-syndicated-loan-to-general-authority-for-reconstruction-projects-agricultural-development\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131","name":"Aya Abdulghany","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","caption":"Aya Abdulghany"},"sameAs":["http:\/\/egy-africa.com","mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/05\/IMG-20220427-WA0008-768x430-1.jpg?fit=768%2C430&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1mDE","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/325354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=325354"}],"version-history":[{"count":1,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/325354\/revisions"}],"predecessor-version":[{"id":325356,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/325354\/revisions\/325356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/325355"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=325354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=325354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=325354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}