Net consolidated profits of QNB end of June 2019 reach EGP 4.217bn
Bank accounts for 7.82% of loans, 5.17% of deposits in Egyptian banks by end-March 2019
Hossam Mounir
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CBE to discuss interest rates on Thursday
Expected rise in inflation means CBE likely to keep interest rates unchanged for 3rd time in 2019
CIB achieves EGP 5.355bn net profit during H1of this year
Bank’s Capital Adequacy Ratio reached 25.82% by end of June 2019
Council of Arab Central Banks Governors to convene in Cairo by mid-September
Meeting will discuss regional and international monetary, financial, and economic developments
Beltone expects CBE to keep interest unchanged
Investment bank expects inflation to temper at 13.3% in Q3 of 2019
IDB launches its 1st savings vessel product
Bank managed to increase its retail banking portfolio to EGP 1.4bn in 2 years: Fahmy
CBE launches service for instant bank account inquiry of deceased customers
Bank signs agreement to discuss situation of vehicles purchased by credit facilities
Beltone’s outlook for banking sector remains positive despite recent regulatory reforms
New banking draft law negatively affects dividends of small capital banks, slight impact of IFRS 9 on capital
Gold in FX reserves up by $69m in June 2019
FX reserves increased to $44.352bn end of May: CBE
HC expects CBE’s MPC to keep interest rates unchanged
New electricity, fuel prices will hike monthly inflation: Saada
Government intends to borrow EGP 522bn in Q1 of FY 2019/20
Ministry of Finance offers T-Bills, Bonds worth EGP 200.5bn in July, EGP 160.75bn in August, another similar figure in September
SAIB arranges syndicated loan of EGP 750m for Kharafi National’s infrastructure projects
EBE, IDB, Baraka Bank participate in providing the loan
Kharafi National’s business volume reaches EGP 2bn in 2019, targeting EGP 5bn worth contracts: Badr
The company obtained the loan from the SAIB, Export Development Bank of Egypt (EBE), Industrial Development Bank (IDB), and Al Baraka Bank.
CBE confirms strength of banks’ financial positions by end of 1st quarter of this year
The CBE noted that banks secured provisions of 98% of total NPLs at the end of March 2019. The ratio reached 100% at the 10 and five largest banks.
Banks operating in Egypt post net profit of EGP 39.29bn end-March
Top 5 banks denominate 74.48% of profits, top 10 account for EGP 33.32bn of profits, says CBE
Foreign investment in Egyptian T-Bills rises to EGP 265.6bn end of April 2019
Investments of banks operating in local market in government debt instruments amount to EGP 680.882bn
Banks’ credit facilities see EGP 226.6bn rise end of March, deposits up to EGP 3.930tn: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead, according to CBE
HC Research expects Egypt’s inflation to reach 14.2% in FY 2019, 12.4% in FY 2020
CBE may resume interest rate cuts in Q4 of 2019, with a total of 5% over 2 years, says Saada
Attijariwafa Bank Egypt launches 1st business development centre of Nile Pioneers Initiative
New centre confirms effective contribution of banking sector in supporting government, CBE to encourage SMEs, says Helal
Seffa appointed Managing Director of Attijariwafa bank-Egypt, Sakr nominated as Chairperson
Seffa is leading figure who enjoys long history, experience within Group, appointing him ensures pursuing our strategic objectives in Egyptian market: El Kettani
EGP 399bn total corporate finance portfolio, syndicated loans at NBE end of April 2019
Bank arranged 17 syndicated loans in 2018 worth EGP 90bn, won 15 international awards in this field
IDB continues expansion plan with opening of new branch downtown Cairo
Ambitious plan, to support national economy, Egyptian industry in reaching world: Fahmy
Bank Audi has yet to apply for CBE approval to acquire NBG-Egypt: Helal
In May, Bank Audi signed the final acquisition contract of the NBG-Egypt, however sealing the deal currently depends on the approval of both the CBE and Banque Du Liban, the central bank of Lebanon
Tamweely Microfinance increases capital to EGP 75m
Company targets expansion to 40 branches by year-end, 60 branches by 2020, says chairperson
Net profit of Banque du Caire reaches EGP 1.218bn in Q1 of 2019
Good results always push us to continue development, says Fayed
Amer: 30-40% of Banque du Caire shares to be floated by October 2019
CBE receives 3 bids for United Bank, awaiting new offers
CBE regulates banks transactions with technical payment aggregator, facilitators
Boards of directors shall ensure banks’ plans match reliance on these companies, analyze risk associated with these services
Bank Audi-Egypt adds ‘Meeza’ card features on its debit, credit cards
Bank Audi- Egypt aims to support development of electronic payment system in Egypt by reducing dependency on cash, in addition to promoting financial inclusion: Bedeir
Faisal Islamic Bank of Egypt assets reach EGP 95.86bn by end of May
The bank’s total assets stood at EGP 95.86bn, up from EGP 84.44bn at the end of May 2018, rising by 13.5%.
IDB’s mortgage finance portfolio up to EGP 1bn for 10,000 clients
Bank signs cooperation protocol with MFF for allocation, sale of 488 housing units in Beheira, Borg El Arab