BLOM Bank Egypt targets market share of 1.5-2% in 5 years: Azhari
Bank’s general assembly agrees to pump EGP 300m, boosting capital to EGP 2bn
Hossam Mounir
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Latest by Hossam Mounir
CBE to review interest rates on Thursday
Market uncertainty over expected MPC decision, as inflation eases, interest on dollar rises globally
CBE directs banks to stop granting credit facilities to medium companies within 12% initiative
Banks exhausted EGP 10bn allocated by CBE as part of initiative, says Negm
UNB-E awaits CBE approval for appointment of ElSewerky as managing director
Ban’s net profit at end-2017 reached EGP 380m, up EGP 200m from 2016, says Abdeen
SMEDA, Tahya Misr Fund finance 468 pickup trucks, 1,000 taxis for youth
Supply Ministry uses refrigerated cars to cover citizens’ needs for ration goods in various governorates
Attijariwafa Bank profits exceed EGP 1.1bn at end-2017
Corporate, treasury retail sectors contributed much to increasing bank’s activity, says Sakr
NBE’s microfinance portfolio reaches EGP 3.5bn: Aboul Fotouh
About EGP 40bn available funding for SMEs, bank aims to increase that to EGP 100bn by 2020
HDB aims to be among Egypt’s top 10 banks by end-2022: chairperson
Negotiations continue with CBE to separate real estate from banking activities, says El-Sebaey
Local currency T-bonds balances fell EGP 5.1bn at end-February 2018
Egyptian banks considered biggest investors in bonds, T-bills
SMEDA, NBE sign EGP 400m deal to finance small projects
The deal will benefit 2,288 small projects, offer 6,864 jobs
SMEDA pumped EGP 323.4m into development projects in Suez
Agency injected EGP 276.5m to finance 11,273 micro, small projects, creating 27,700 jobs
Total bank credit facilities increased by EGP 14.7bn in 5 months
Private business sector accounted for 61.3% of total facilities, CBE says
Egypt’s international bonds rise to $18bn by end-February 2018: Finance Ministry
T-bills maturity from 1-30 years, due from 10 December 2018 to 21 February 2048
SMEDA financed SMEs with EGP 16.7bn during Al-Sisi’s first term
Projects funded since president assumed office account for 50% of total funding since 1992, Gamea says
4.712m credit cards in Egypt by end-2017: CBE
Top 5 Egyptian banks account for more than 96% of POS, 69.48% of ATMs
Non-performing loans fell to 4.9% of loans at end-2017: CBE
Banks allocated EGP 109.979bn to face NPLs, including EGP 68.175bn by top 10 banks
Egyptian banks make EGP 59.075bn profits in 2017: CBE
Top 5 banks accounted for 47.424% of total profits, top 10 achieved EGP 37.02bn
Banque du Caire contributes to EGP 568m loan to Zizinia El Mostakbal project
Bank is keen to support real estate sector through pumping all necessary financing for economically feasible real estate projects in light of state’s interest in such projects, says Fayed
SMEDA financed 48,000 projects in Alexandria worth EGP 1.2bn
Authority offered grants of EGP 131.7m to implement labour-intensive infrastructure projects
President rejuvenated SMEs by launching his EGP 200bn initiative
Banks financed 62,000 projects under initiative worth EGP 68bn until end-December 2017, says Azzam
Banks turn to companies with temporary workers to promote Aman certificate
Certificate proceeds from NBE, ABE amounted to EGP 16m in first week
Egyptians flock to purchase ‘Aman’ insurance certificates
NBE offering Aman certificates to temporary workers of companies dealing with it
Manufacturing, extractive index down 8.1% in December 2017
The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued, on 5 March, a report about the metadata of the production index of manufacturing and extractive industries for December 2017. The manufacturing and extractive industries index (excluding crude oil and petroleum products) stood at 128.81 during December 2017 (primary) compared to 140.15 during November 2017 …
EGP 85.052bn cost of establishing 276,600 residential units in FY 2016/2017: CAPMAS
The fiscal year (FY) 2016/2017 witnesses the establishment of 276,600 residential units, implemented by the private and public sector at a cost exceeding EGP 85.052bn, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In a recent report, the CAPMAS said that the government implemented 59,964 units with investments reaching EGP 34.206bn. Meanwhile, …
International bonds push Egypt’s foreign reserves to $42.524bn at end-February
Egypt recorded the highest foreign reserves in its history at $42.524bn at the end of February from $38.209bn at the end of January 2018, an increase of $4.314bn, the Central Bank of Egypt (CBE) said on Sunday. Egypt received the yields of its recent eurobond issuance, which was in February, amounting to $4bn, and were …
EALB joins Egyptian Union of Microfinance
Bank aims to expand in microfinance for its great economic, social importance, says chairperson
AIB allocates EGP 100m to finance microprojects: chairperson
Bank injected EGP 80m to finance microprojects through associations, companies
4 state-run banks to offer Aman insurance certificates Sunday
Certificates to cover temporary workers, other individuals without social security coverage
SMEDA financed 14,000 MSME projects in Fayoum Governorate in 2017
Authority’s current strategy based on expanding, diversifying areas of finance to serve all sectors of MSMEs, says Gamea
Protocol agreed between Red Sea Ports, Military Production to establish fishing ports in Abu Ramad, Shalateen
Abu Ramad Port to stand on 70,000 sqm, estimated to cost EGP 120m, Shalateen port on 150,000 sqm at EGP 150m, reveals Arafat