Egypt - Trade Finance Guarantees Approval on Absence-of-Objection Basis - 2026-6-12

Jul 19, 2026

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This record documents an approval granted on an Absence-of-Objection Basis on Friday, June 12, 2026, concerning Egypt. The approval covers trade finance guarantees issued to HSBC Holdings plc (United Kingdom), Standard Chartered Bank (SCB) (United Kingdom), their subsidiaries and affiliates, and other potential lenders not yet identified. The Board of Directors endorsed the President’s proposal to issue guarantees up to US$313.5 million under the Trade Finance Guarantees framework for short-term trade loan facilities to National Bank of Egypt S.A.E (NBE), as described in the President’s memorandum and a related report.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval notice

Parties and coverage

Guarantee amount and framework

FAQs

What approval is recorded and on what basis and date was it granted?

The record confirms approval on an Absence-of-Objection Basis granted on Friday, June 12, 2026.

Which lenders and entities are covered by the trade finance guarantees?

The guarantees cover HSBC Holdings plc, Standard Chartered Bank (SCB), their subsidiaries/affiliates, and other potential lenders yet to be identified.

What is the maximum guarantee amount and the purpose of the guarantees?

Up to US$313.5 million is approved to provide trade finance guarantees for short-term trade loan facilities to National Bank of Egypt S.A.E (NBE) under the TFG Framework Terms.

Jul 19, 2026

Upload by Eliana