Banking consortium in talks for EGP20 billion social housing loan, Al Mal reports
National Bank of Egypt (NBE), Banque Misr, Banque du Caire and Housing & Development Bank (HDB) are reportedly in talks with the Egyptian government for EGP20 billion social housing loan. The financing would be repaid in five years and used within 6 months, starting from May 2016, Al Mal reports, citing unidentified sources. (Bloomberg) Housing & Dev. Bank: EGP19.23 as of 18 April 2016, Rating: Buy, FV: EGP29.65 per share, MCap: USD274 million, HDBK EY / HDBK.CA
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