Latest in Banking Highlight
Latest in Banking
Banks invest over EGP 159bn in fixed income tools in 1 week: CBE
EGP 138.7bn invested in CBE and EGP 20.75bn in treasury bonds, treasury bills
AIBK allocates EGP 300m to mortgage finance: SME Sector Head
The bank has 420 units under financing in 10th of Ramadan City provided by MFF, says Taha
CBE initiative to support tourism is only partial solution: ETF Chairman
Ministry of Tourism to support tourism investment fund with EGP 100m, of which EGP 25m sent to Ayadi company established by Ministry of Planning
Clients must resolve problems before benefitting from CBE initiative: IDBE Chairman
Initiative allows banks to allocate an amount for new loans granted to clients who do not pay debts on regular basis with 5% of fund’s value
2 billion people outside banking system: World Bank
International banking Financial Inclusion Summit 2015 ends in Budapest
CBE to offer treasury bills worth $700m
CBE will allow local banks and foreign institutions to subscribe to the dollar bills with a minimum of $100,000 and its multiples
Falcon secures 22 banks, acquires 54% of Egypt’s private guard service market: Executive Director
Falcon Group held a press conference last week, where it presented its work in securing the universities during the last academic year.
United Bank donates 30 medical devices to Ain Shams University Hospital
Ashmawy added that since the United Bank founded the administration, called Eithar, for community development in October 2006, it has been supporting two main axes: health and education, due to their great impact in societal development
Banque Du Caire funds purchase of 1,000 cars in 1 month
Banque Du Caire has launched new fund programmes, such as the used cars’ loan programme launched this month.
Banque Misr provides EGP 1.75bn share in EEHC loan: Bank chairman
Loan will be directed to pay part of EGPC’s dues
CBE to fix deposit, loan interest rates
Financial Policy Committee has fears over growth rates with the deflation of global economy
CIB acquires Citibank Egypt’s retail portfolio
Citibank’s individual clients amount to 600,000, with funding portfolio of EGP 1.7bn
$35bn in Egyptian black market: CBE Governor
$2bn for Egyptian maize imports in 2014, says Ramez
Egyptian banking sector EGP 2tn in 2014: Fayed
Bank deposits increased 17%-20% over last three years, loans increased by 10%
HSBC dismisses employees, management in Egypt remains silent
According to a bank statement, 8,000 employees out of 48,000 employees who work in the bank’s UK branches will be affected.
CBE agrees to cover 50% of foreigners’ money upheld in Egyptian market since 2013
There has been a crisis in upholding foreign traders’ money in the EGX and not transferring it, even two years after settling the purchase operations of shares, bonds, and treasury bills of foreigners.
CBE continues pumping dollar liquidity to cover banks customers’ foreign currency demands
The CBE granted the banks $98.6 in an auction launched Sunday
Cash reserves fall by $1bn in May: CBE
Government works to attract investments of between $6bn-$8bn by the end of 2015 to push reserves growth
12 new United Bank branches in 18 months: Mohamed Ashmawi
United Bank branches will increase to 62, to cover all the governorates
CIB receives 5 international awards in 1H of 2015
There are abundant opportunities across Egyptian market, says Chairman
CBE controls importers’ manipulations
Banks activate automated “Model 4” to determine real importing demands
NBE donated EGP 930m in last 5 years: Hisham Okasha
National Bank of Egypt offered EGP 210m to develop slums and fight poverty
CBE to investigate future of interest rates
The market expects MPC to fix both loan and deposit rates
Mechanisation of public wages to stimulate economy: Visa Egypt director
Around 6.5 public employees will be offered this service
13.9% growth rate of banks’ foreign deposits during March: CBE
Market witnessed competition in attracting foreign currency savings, according analysts
EGP 23.3bn increase in bank loans in March: CBE
The private sector acquired 80.8% out of the total loan balances
Economic recovery positively impacts banks’ performance
Significant rise witnessed in loans and deposits in Egypt’s banking sector in March
Widening ABC’s client base is top of my priorities: New chairman
By Hossam Mounir In his first announcement as the new Regional Manager of the Treasury Department for Egypt, Jordan, Tunisia and Algeria, at the Arab Banking Corporation (ABC), Mohamed Taha told Daily News Egypt that increasing the number of ABC’s clients his top priority. Taha started his duties with ABC on Monday, two months after …
GDP to grow 5.6% annually between 2020 and 2030: HSBC
Oil contribution to exports to drop to 14% by 2030, electronics exports may rise at 11% per annum during next 15 years
HSBC considering financing Egyptian projects: Amr Bahey
HSBC Egypt loan portfolio grew 9% last March, says senior official