Egypt’s Banque Misr seeks to borrow $550 million before end-2018 – vice chairman

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CAIRO (Reuters) – Banque Misr is seeking to borrow $550 million from foreign lenders before the year’s end to improve dollar liquidity, the vice chairman of Egypt’s second largest bank said on Sunday.

Citi Bank and Emirates NBD will be arranging the loan, Akef ElMaghraby told Reuters.

Reporting by Ehab Farouk; Writing by Nadine Awadalla; Editing by Sami Aboudi