Arab Finance: The National Bank of Egypt (NBE) is set to receive a short-term revolving trade loan amounting to $313.5 million backed by the World Bank’s Multilateral Investment Guarantee Agency (MIGA), according to a statement.
This involves HSBC Holdings and Standard Chartered Bank as the guarantee holders, with MIGA providing them with the facility against potential non-payment risks by NBE.
The MIGA-led facility aims to support vital economic sectors, such as energy and agriculture. The tenor of underlying trade transactions will be up to one year.
The deal is expected to strengthen NBE’s ability to navigate global financial volatility while preserving liquidity through a diversified funding base and backing national strategic priorities via a short-term trade finance solution.
Brand Finance’s latest report highlighted that the NBE led Egypt’s 2025 most valuable brands for the third year in a row, with its value rising 9% to $717 million.
