
EFG Hermes meets necessary conditions for Arab Investment Bank acquisition
Bank’s issued, paid-up capitals increase to EGP 5bn
Bank’s issued, paid-up capitals increase to EGP 5bn
Transaction will be capital increase that will raise Bank’s paid-in capital to EGP 5bn
Stakes of EFG Hermes, Sovereign Fund of Egypt in AIB would stand at 51%, 25%, respectively
EFG Hermes, TSFE aim to jointly obtain 76% stake in AIB through capital increase
Farhat previously served as head of corporate credit sector at Ahli United Bank
Loan targeted towards financing PACT’s White Bay
We eye 50% growth in financing, 30% in deposits, profits, says Seif El Nasr
The chairperson of the Arab Investment Bank (AIBK), Hany Seif Al-Nasr, announced the bank’s participation in the 2017 Sacrifice Voucher programme in cooperation with the Egyptian Food Bank (EFB) for the third time in a row. Citizens can obtain the sacrifice vouchers through the AIBK’s branches throughout the country, in an attempt to facilitate the …
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
New branch will be opened in the city to finance feeding, complementary large, medium, small industries: Seif El Nasr
Bank achieved 70% growth in profits, 85% increase in deposits, and 67% increase in loans by the end of 2016: Seif El Nasr
Hany Seif El Nasr, chairperson of the Arab Investment Bank, assured that the bank is strongly participating in the initiative through its presence in recreational clubs, distributing flyers on financial inclusion, and introducing a number of products that fit all segments of society, along with opening bank accounts free of administrative fees and exempted from …
We are optimistic about the future of the Egyptian economy, especially following the government’s recently-adopted reform measures, says Seif Al-Nasr
Suez Canal projects alone can strongly push the economy growth, says Seif El-Nasr
Further, according to the AIB’s chairman, the Suez Canal hosts thousands of small and medium enterprises, and should include opportunities set aside for young people.
The bank has 420 units under financing in 10th of Ramadan City provided by MFF, says Taha
Bank capital increased to EGP 1bn and volume of deposits jumps to EGP 6.5bn in three years
The Arab Investment Bank (AIB) is planning to participate in funding the proposed projects presented at March’s Economic Summit, board director Hany Seif El-Nasr announced on Thursday. Seif El-Nasr expects huge investor participation in the summit, adding that investors are waiting for the event to study projects, including the Suez Canal Axis Development. In the …
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
Bank raises interest rates on platinum by 2%