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Banque Misr is in advanced talks with international lenders to secure $650 million in loans and expects to sign the deals in March as it looks to expand its reach, according to the chairman of the state-run lender, Mohamed Eletreby.Eletreby said banks sold 842 billion Egyptian pounds of 16 percent and 20 percent investment certificates between November 2016 – when the central bank floated the currency – and Jan. 4 .Eletreby said the bank is also in advanced talks with the EBRD for a $50 million loan for trade, which is expected to be signed in February.
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