Latest in Banking Highlight
Latest in Banking
Minister of Finance criticised for his statements regarding taxpayers’ accounts in banks
This is not first time officials make statements that do not take certain aspects into consideration negatively affecting economy: Aboulfotouh
NBE allocates EGP 1.75bn for education, health development: vice chairperson
The bank has spent total EGP 4bn over the past six years in social responsibility activities: El-Baz
Banks are preparing to activate ‘Miza’ national payment card
HDB has finished configuring its ATMs to accept the card: Sebaey
HDB holds 34th raffle for children, youth savings account
175,000 participated in vessel with total balances of EGP 565m
AIIB to introduce $510m investments into Egypt
Egypt has potential to be area’s eco-energy hub, we support state efforts to export green energy: Jin Liqun
NBE completed renovations of 178 branches, to re-open historic Mosky branch
Mosky branch represents important historical value for bank; its development comes within strategy followed by bank to modernise its branch network: Okasha
30% of ABE loans allocated to farmers, crop production: bank chairperson
Animal production projects receive 25% of portfolio, 20% for mechanisation projects, 25% individual, consumption, workers’ loans, says ElKosayer
First Abu Dhabi Bank launches bancassurance products, services in collaboration with gig
Union with gig will advance bank’s efforts to offer best merits to its customers: Hassan
Emirates NBD Egypt plans to expand digital services in Egyptian market: CEO
Bank attracted 3m smart wallets, plans to add services through Chatbot, Avatar, says Berro
EGP 2bn net profits of Banque du Caire in 9M18
Bank injected EGP 1.6bn to fund micro projects, including 55% for Upper Egypt, 35% for women
5 major banks represent UAE in Egyptian market
List includes Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, UNB Egypt, Mashreq
Market welcomes CBE’s decision to end foreign investors funds repatriation mechanism
Decision planned since flotation in November 2016, we aim to direct investment funds money directly to market: Amer
EGP liberalisation eliminated all FX shortage
Egypt’s payments balance achieved overall surplus of $12.8bn, 5.1% of GDP for FY 2017/18
Credit facilities granted by banks to clients increase by EGP 28.2bn in Q3 2018
Private business sector obtains 61.3% of these facilities, industry sector benefit most, says CBE
United Bank ends tax disputes of EGP 100m
Bank keen on solving all disputes of stamp duty, fulfill obligations towards state, citizens, says El-Kady
EU strengthens CBE’s efforts on financial inclusion, banking supervision
Egyptian women’s financial inclusion also high priority, number of initiatives being implemented in close coordination with relevant stakeholders
IDB’s financial position up to EGP 21.849bn at end October 2018
Deposits up by EGP 5bn in 1 year, loans grew by 21%
IDB aims to complete treatment plan, put bank on right track by mid-2019: chairperson
We are working on new beginning of bank to serve economy, especially industrial sector, retail development purposes, provision of modern technological services: Fahmy
ABE, Misr El Kheir Foundation cooperate for rehabilitation, operation of suspended livestock production stations
Bank’s cooperation with Misr El Kheir Foundation’s Ard El Kheir amounted to EGP 310m injected to 740 beneficiaries to raise 14,740 cattle: Elkosayer
Right time to invest in Egypt: Asian Infrastructure Investment Bank
Egypt has come long way in developing SCZone, attracting many local, foreign investments, with contracts worth over billions of dollars, says Mamish
EGP 1.393bn net profits of HDB by end of September 2018: Chairperson
EGP 2.4bn net income from return with 64.9% increase rate compared to September 2017, says El Sebaey
Banks continue to shine with strong business results in 9M18
Marked increase in deposits, loans portfolios, NPLs decline at most banks
CBE floats €675m T-bonds on Monday
Bonds bear maturity of 364 days, due on 12 November 2019
Banque du Caire aims to expand routes to support foreign trade, back Egyptian exporters
Bank sponsored FEI visit to Tanzania to encourage Egyptian exports
NBE secure EGP 300m to Zewail City of Science, Technology: Okasha
Launch of NBE institute building city for science, engineering, nanotechnology
CBE reviews interest rates on Thursday
MPC cut interest rates twice this year, kept them unchanged during 4 consecutive meetings
Egypt repays $1.36bn worth of international bonds in December
Outstanding bonds worth $18bn and €2bn due within 30 years
CBE to apply new obligatory entrepreneurship certification for bankers
Bank currently preparing another certification for business development services
Highest level of FX reserves in history reached by end of October
CBE: $86m increase in value of gold, foreign currencies balance down by $36m
UAB discusses partnership between private, public sectors to achieve sustainable development during annual conference
700 banking experts, leaders, officials, central banks’ governors, economists, planning ministers to attend event