CBE provides 10-year interest-free loan worth EGP 31bn to 3 major banks
The Central Bank of Egypt (CBE) on Wednesday provided an interest-free loan to three major banks, including the National Bank of Egypt (NBE), Banque Misr, and Banque du Caire. The loan is worth EGP 31bn and will last for a 10-year period, according to a source that preferred to remain anonymous.