Latest in Tag: Bank Audi-Egypt Highlight
Latest in Tag: Bank Audi-Egypt

FAB rebrands itself as ‘FABMISR’ following legal merger with Bank Audi Egypt
System integration under the new identity is expected to conclude in 4Q 2022

FAB acquisition talks with Bank Audi Egypt terminated
Bank Audi Group CFO Tamer Ghazaleh said that, despite the failure of the deal, they thank FAB for its efforts and constructive discussions.

Bank Audi Egypt targets SMEs portfolio of EGP 5bn by 2019 end: managing director
The bank’s bad loans do not exceed 4%

Flotation toughest, most daring decision between Euromoney 2016, 2017: Fayed
The economic reform programme is a new breakthrough for economic growth and financial stability

Egypt looks forward to new economic relations with US administration: Nasr
Door knocking delegation to the US in May to promote trade and investment, says Mohanna

Bank Audi Egypt settles all dollar debts resulting from currency difference after flotation
We had a few companies with debts of more than $5m, whose positions have already been setted, says Fayed

Bank Audi Egypt signs MOU with European Investment Bank for $30m loan
Flotation boosts Bank Audi Egypt profits to EGP 1.88bn at the end of 2016

2017 is full of opportunities and challenges for banks in the Egyptian market: Fayed
Bank Audi will focus on financing food, medicine, and production requirements this year

Bank Audi Egypt aims to increase SMEs portfolio to EGP 6bn in 4 years: deputy chairperson
Current portfolio stands at EGP 1bn, supported by strong specialised SMEs financing schemes, says Fayed

Healthy market with huge potential
Financial sector outperforms MENA peers and offers profitable opportunities

Retail banking accounts for 24% of Bank Audi Egypt’s total loans portfolio
EGP 3.8bn in individual loans from bank throughout September 2015, with an aim to increase this figure by 30% this year, says head of Retail Banking

Bank Audi Egypt plans to pump EGP 8bn into different economic sectors in 2016
The bank is set to sign a loan agreement with the EBRD to be directed to small and medium projects, says Deputy Chairman

Bank Audi Egypt reveals major features of expansion plan in Egyptian market
We seek to double the bank’s market share in the next three years, we receive full support from the mother group, says Chairman

Bank Audi Egypt brings $347m to the Egyptian market
Bank Audi Egypt succeeded in bringing $357m to the Egyptian market, bank Chairman and Managing Director Hatem Sadek said Sunday. This comes as part of the bank’s commitment to resolving the dollar crisis and to meet its clients’ foreign exchange requirements, Sadek told Daily News Egypt. The bank’s parent group in Lebanon granted its branch …

Bank Audi-Egypt considers granting loans worth more than EGP 7bn: Fayed
Plans to increase bank’s share in Egyptian market and open 7 new branches every year to 2017

Egyptian economy critical, but optimism is possible through hard work: Fayed
EGP 400bn-EGP 500bn in banks ready to be loaned, our role begins after proposing projects and deciding their feasibility, Fayed