National Bank of Egypt May Provide Loan for PPP, Mal Says

National Bank of Egypt may grant a 1.2 billion-Egyptian pound ($201 million) loan to a group of companies bidding for a private public partnership project, Al Mal newspaper reported, citing unidentified sources.

The Cairo-based bank will provide more than 50 percent of the 10-year loan, with the rest coming from other local lenders, the daily newspaper said.

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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