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Export Development Bank receives €500-thousand grant from EIB

Export Development Bank receives €500-thousand grant from EIB

ArabFinance: Export Development Bank of Egypt (EXPA) (EDE) agreed with European Investment Bank (EIB) for determining the benefiting aspects of €500-thousand grant from EIB. 

The Bank said in a statement sent to Egyptian Stock Exchange (EGX), the grant comes under the aid program, EDE will determine the benefiting aspects in coordination with the two institutions, in which, the Bank decided to direct the grant to financing sectors responsible for risk management to reach the best international practice in these fields. 

EDE has signed a Memorandum of Understanding (MoU) with the Ministry of Industry, Trade and Small Industries according to constant cooperation between them. the MoU aims to reinforce the cooperation between commercial representation and EDE through information exchange and expertise in order to develop and finance the Egyptian exports and related activities among the states and targeted foreign markets. 

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