EBRD grants 533-mln-USD soft loan to Egyptian financial institutions

CAIRO, July 12 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) approved a soft financing worth around 533 million U.S. dollars to two Egyptian state-owned banks and an equity fund, said the Egyptian Ministry of International Cooperation on Wednesday.

The EBRD's board of directors approved 400 million U.S. dollars for the National Bank of Egypt, 100 million U.S. dollars for Banque Misr, an