Dahli Group loan: public, private banks cause troubles

The position of public and private banks which are part of the bond loan of Dahli Group caused embarrassment to the organising committee as it had to extend the bond loan deadlines for the group, said sources at the committee.

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• “Banks directors did not attend the ceremony organised by the corporation on the launching of the bond loan. It is a strong indicator that they did not receive the go-ahead to support the process unlike the previous ones,” the same sources told Echorouk.
• The government has been asking public and private companies to dealing with national banks in terms of liquidity. Yet, some public banks directors granted loans to some private corporations.
• Some CEOs of public banks prefer to keep the money rather than investing it on guarantees and transparency bases.