Latest in Banking Highlight
Latest in Banking
CBE’s role pivotal in economic reform programme, restoring investors’ confidence: El Kadi
Egypt has an attractive investment climate for local, global, and Arab investments, as well as diverse investment opportunities and economic activities
Economic reform programme results exceeded all expectations of success in very short span: Elkosayer
Our national economy is now much stronger as a result of government reforms and bold decisions taken
Egyptian economy to reap reform fruits by 2019
The banking sector always support the economy with money and expertise at any time
Egypt’s economic reforms re-attract global investments
Continuing reform policies and measures with the aim to increase FDIs and domestic investments is the most important challenge facing the Egyptian economy at present
Flotation toughest, most daring decision between Euromoney 2016, 2017: Fayed
The economic reform programme is a new breakthrough for economic growth and financial stability
Banque du Caire to inject EGP 5bn in syndicated loans to several economic sectors: vice chairperson
We are considering participating in the EEHC loan by EGP 3bn, next to channelling other funding for public and private economic activities, says Soliman
AIBK plans to increase its capital to EGP 1.5bn by end of 2017: chairperson
We have an ambitious plan that aims to take the financing portfolio of SMEs to EGP 12.3bn by the end of 2018, says Seif El Nasr
The new board of directors of the Suez Canal Bank is soon to finalise its strategy: Chairperson
We aim to expand the bank’s customer base, increase the number of its branches, provide different banking products, and support all sectors of the bank: El-Refaie
Balance of Payments marks surplus of $13.7bn in FY 2016/2017: CBE
Exports revenues amount to $21.7bn, imports register $57.1bn, tourism profits at $4.4bn, $4.9bn from Suez Canal
Can the banking sector achieve financial inclusion alone?
The CBE holds the largest international conference on financial inclusion from 13 to 15 September, with the participation of more than 94 countries and 119 international institutions
Banknote issuance to GDP increases to 13.42% in May: CBE
CBE printed new banknotes worth EGP 15.774bn this month
EGP 55bn increase in bank deposits, EGP 39bn increase in loan portfolio in May 2017: CBE
Foreign investments in T-bills hike to EGP 176,000bn at the end of June, compared to EGP 136.157bn at end of May
NBE opens first two branches of Al Ahli Exchange Company
The company was established with a capital of EGP 200m and a paid up capital of EGP 50m. The bank plans to increase the number of branches to 50 branches within 3 years
AAIB raises value of financing package granted to SODIC Group to EGP 1.4bn
The bank’s total loans to SODIC Group increased to EGP 4bn over the past three years
ABE is considering signing contract with SMEDA for EGP 250m to finance small projects
ABE funds establishing of the first model village for animal and agricultural production in the New Valley
Can CBE reduce inflation to 10%-16% by the end of 2018?
The key objective of monetary policy in the next phase is to stabilise inflation with the aim to achieve prices stability on longer-term
NBE’s total foreign exchange earnings exceed $12bn: vice chairperson
The bank has financed foreign trade operations worth $13bn since 3 November 2016, asserts Abu El-Fotouh
Limited changes in boards of government banks before end of September 2017
Two leaders expected to be sacked, 4 likely to stay, ambiguity surrounds one leader
35% increase in loan volume, 27% increase in deposits volume in Al Ahli Bank of Kuwait during H1 2017
We seek to offer distinct banking solutions to meet the needs of individuals and companies which also support SMEs as part of our commitment towards Egypt’s economy, El Salawy
EGP 11.7bn funding portfolio of corporate finance in Abu Dhabi Islamic bank by end of June 2017
EGP 1bn allocated to fund SMEs, local retail portfolio increases to EGP 4.3bn, volume of the portfolio managed by the bank reaches 12.2bn
FEB receives final notes on new banks law on Sunday
Members are approaching consent on the new law: senior banker
Will inflation force CBE to increase pound interest rate on Thursday?
MPC holds its fifth meeting on Thursday to look into the destiny of basic yield prices in the CBE amid uncertainty about its decision
Did CBE miscalculate including part of hot money within foreign exchange reserves?
A debate among analysts about the CBE’s inclusion of foreign investment in treasury bills in its reserves
Banks’ capital increases by EGP 13.74bn in April: CBE
The increase came as a result of using a part of the reserves, as well as the revaluation of capital in foreign exchange in some banks
Industry accounts for 35.9% of total credit facilities granted by banks until end of April: CBE
The services sector came in second place, followed by the commercial sector, while the agriculture sector is at the bottom of the list
Unstable dollar price behind fluctuation in banks’ deposits, loans after flotation: CBE
Most banking indicators experience a rise and fall every month because of revaluation of assets in foreign exchange
Only 3 banks provide direct loans to finance tourism trips in Egyptian market
Banque Misr, AIBK, Al Baraka launch special programmes for these loans within the retail banking products among 22 banks included in Daily News Egypt’s scan
AIBK signs cooperation protocol with Chinese TEDA SE ZONE Development operating in SCZone
The bank soon will sign a cooperation protocol with the SIDC to offer banking and finance services to the company and buyers of industrial units in the industrial zone in the Gulf of Suez, says Seif El Nasr
HDB offers various services through 2 branches, 4 ATMs
The bank is unique in granting real estate finance to customers who wish to purchase residential and administrative units
AAIB’s “Keep the Coast Clean” initiative
How it started? AAIB’s “Keep the Coast Clean” anti-litter awareness campaign was launched in 2015. The initiative aimed at magnifying the damage caused to our coasts and seas by littering from land-based recreation. In 2017, the environmental campaign commenced with an eye on having a progressive behavioural influence on saving Egypt’s magnificent shores. The main …