Latest in Tag: AlexBank Highlight
Latest in Tag: AlexBank
ALEXBANK hosts webinar on Suez Canal’s Pivotal Role in Mediterranean, Global Maritime Economy
Bank cooperated with Italian company SRM since 2015 to analyse actual performance of Suez Canal
IFC, Alexbank partner to promote Egypt agriculture switch to solar irrigation
Project aims to help farmers reduce their reliance on diesel-powered generators, boost their productivity, incomes
IFC exits AlexBank citing completion of objectives
Exit is designed to revolve capital, and to use it for similar investment, says Walid Labadi
17 banks in Egypt report total EGP 18.565bn net profits in H1 2020
Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure on banks’ balance sheets
ALEXBANK, EBRD sign $100m agreement
Bank launches Business Club Academy in cooperation with EBRD, EBI
AlexBank, SBC, Pride Capital partner to bring world’s biggest FinTech accelerator to Egypt
The Fintech accelerator programme is considered the first of its kind in Egypt, and will sustain 11 start-ups, both from Egypt and abroad, to accelerate the Central Bank of Egypt’s goal of making Egypt a global FinTech hub.
AlexBank signs cooperation protocol with Agriculture Ministry to develop Egypt’s livestock
Signing protocol is based on bank’s belief in importance of supporting SMEs, especially in agricultural field, says Campioni
AlexBank allocates EGP 22m annually for CSR: Hosni
Bank supports more than 3,500 craftspeople around Egypt, especially in Qena, Sohag, Sinai
AlexBank signs EGP 50m protocol with Sawiris Foundation
The Bank of Alexandria (AlexBank) signed a protocol with Sawiris Foundation for Social Development (SFSD) worth EGP 50m for supporting underprivileged children, to be contributed to equally by both entities. This came during their annual iftar event dedicated to homeless children, which was organised in cooperation with Samusocial International Egypt, under the auspices of the …
NBE Bank of the Year, AlexBank most efficient: Business News
IDWBE was fastest growing bank
AlexBank, Social Solidarity Ministry sign agreement to support craftspeople
Initiative aims to support over 20,000 Egyptian craftspeople by committing technical, financial support up to EGP 3m
AlexBank launches Youth Savings Account
We aim to prepare young people for banking transactions, develop their financial abilities, improve their communication with banking sector, says Lokman
AlexBank, Jordan Post sign agreement to enhance remittances service
The Bank of Alexandria (AlexBank) announced on Monday in Amman the signature of a partnership agreement with the Jordan Post Company to facilitate the transferring of remittances to Egypt. The agreement was signed by Jordan Post Co General Manager Khaled Deib Al-Laham and Dante Campioni, managing director and CEO of AlexBank, and witnessed by Jordanian …
IFC does not yet wish to sell its stake in AlexBank
International Finance Corporation (IFC), the World Bank Group’s investment arm, has shown no interest in selling its 9.25% stake in the Bank of Alexandria (AlexBank), a member of the Intesa Sanpaolo Group, up until now. Walid Labadi, IFC country manager for Egypt, Libya, and Yemen, said that the IFC will announce its intention to sell …
AlexBank achieves EGP 2.783bn net profit in 2017
The Bank of Alexandria (AlexBank) announced that it recorded a net profit of EGP 2.783bn in 2017, marking an 83.8% from their 2016 results, while the bank’s net profit before taxes registered at EGP 3.665bn, with a 96.1% growth. According to the press statement issued by the bank, the witnessed improvement reflects a notable performance …
How to get a personal loan from AlexBank
If you are a government or private sector employee whose employer transfers salaries to the bank through a written statement, you can obtain a personal loan from the Bank of Alexandria (AlexBank). According to the bank, the payment period is up to eight years, with competitive interest rates and fees. The minimum amount of financing …
AlexBank signs cooperation protocol with IDA to finance industrial units acquired by SMEs
Protocol addresses IDA, Alex Bank’s mutual desire to boost industrial investments in Egypt, says chairperson of IDA
Vodafone, AlexBank aim to increase Vodafone Cash customers to 5 million by mid 2019
Vodafone negotiates with CBE to include companies in the service and raise transaction value to EGP 10,000 with a cap of EGP 50,000 per month
EBRD, ALEXBANK support energy efficiency in Egypt
EBRD and the European Investment Bank (EIB) are planning to support energy-efficient and renewable energy investment in Egypt through a financing package to ALEXBANK in the amount of up to $30m under the Green Economy Financing Facility (GEFF) for Egypt. EBRD is providing a financing facility of up to $15m to ALEXBANK for on-lending to …
Banks, companies, authorities have to work together for financial inclusion: ALEXBANK CEO
“Egyptian banks are qualified to support the achievement of financial inclusion”
ALEXBANK’s SMEs portfolio amounts to EGP 2bn: CEO
EGX, ALEXBANK sign MoU to support and empower Egyptian SMEs
UAE Exchange offers same-day cash pickup facility to customers in Egypt
Payment solution firm extends relationship with ALEXBANK to improve customer service and convenience
ALEXBank registers EGP 724m in net profits
ALEXBank reported a 9.5% growth in net profit in 2014, registering EGP 724m, despite 5% increase in the enacted tax rate, the bank announced last week. The bank noted that actual pre-tax profits reached EGP 1.07bn, up 16.3% compared to 2013 results. The bank’s net income increased by 12.5% year-on-year to reach EGP 2.68bn, which …
ALEXBank, Education Ministry, Filmar Nile Textile sign agreement
The Egyptian Ministry of Education signed a long term agreement Saturday with ALEXBank and Filmar Nile Textile, part of Filmar Group, entitled “Cotton for Life” to promote Egypt’s cotton industry. The five-year agreement will encourage the development of students’ skills in agricultural schools and their training in the best cultivation methods. It will help ensure …
ALEXBANK launches Bancassurance Programme with MetLife Alico
The partnership will offer a comprehensive range of products to help customers save towards their goals such as children’s education, marriage or retirement, as well as ensuring the family protection against unforeseen events, the bank said in a statement.
EGP 1.5bn total funds for the white taxi project
Alex Bank promised to exempt white taxi owners from repaying interest rates that were supposed to be paid for three installments that go back to 2011
Banks highlight improved services, quarterly results
CIB Q3 net profit rises 5.6% Egypt’s leading bank, Commercial International Bank (CIB), reported a 5.6% rise in the third quarter (Q3) net profit. The bank added that the net profit stood at approximately EGP 972m, up from EGP 920.4m in the same quarter last year. Q3 consolidated revenues were EGP 2.04bn, up 17% from …
IFC and AlexBank sign trade finance agreement
IFC will help the bank’s clients expand into new markets giving them an opportunity for growth