Skip Ribbon Commands
Skip to main content
 
 

In one of the biggest financing deals, Banque Misr was part of the signing of the EGP 4 billion joint loan for Vodafone Egypt between Vodafone and each of the Commercial International Bank (CIB), HSBC, National Societe Generale Bank (NSGB), Barclays, and CitiBank as main covering guarantees. Banque Misr lead this banking coalition in coming up with the funding necessary for establishing the company’s capital expansions, and the funding and financing of all its investments, on top of which comes buying the 3G license. Banque Misr as an agent and director of the loan has coordinated between Vodafone Egypt and the participating banks, so that there would be comprehensive teamwork enabling the best work mechanism and facilitating conditions in light of a limited time period that did not exceed one month. Banque Misr contributed the biggest covering percentage in the loan 38%