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November 7, 2024
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Bank Audi-Egypt, EIB, EBRD Start Dollar Liquidity Talks

Bank Audi SAE, the eighth largest commercial bank in Egypt, is in ongoing talks with some European banks to secure dollar liquidity, a senior banking source told Amwal Al Ghad Monday.

The source said Bank Audi-Egypt, Egyptian arm of Lebanon-based Bank Audi, is holding negotiations with the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD).

Audi Egypt aims to secure a finance that enables the bank to fill the local demand whether in form of loans or letters of credit.

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