Latest in Tag: bank Highlight
Latest in Tag: bank
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.
$1bn deficit in payment balance in first 9 months of FY 2014/2015: CBE
The figures compare to a surplus of $2.2bn during the same period of FY 2013/2014
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
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
HSBC considering financing Egyptian projects: Amr Bahey
HSBC Egypt loan portfolio grew 9% last March, says senior official
CIB bank of the year ,Union National Bank Egypt the fastest growing : Business News index
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
Arqaam Capital to enter Egyptian market through integrated investment bank
Plan to attract $1bn of foreign direct investments and global institutions to Egypt
Crédit Agricole generates EGP 236.2m in Q1 2015
Figures show that there is a 60% increase in the bank’s earnings in Q1 of 2015, compared to the same period in 2014
NBE wins best retail banking award
The number of NBE’s ATM machines reached 1,950 machines, an increase of 415 machine from the previous year.
QNB Al-Ahli net profits up 30% in March
The QNB group is a leading bank in the Middle East and North Africa region, with acquisitions of almost 45% of the total domestic assets of the banking sector in Qatar.
Egypt created economic DNA after summit: Ezz Al-Arab
Local banks will provide financing using pound, not dollar, for Economic Summit projects, says Federation of Egyptian Banks Chairman
Mehleb encourages AfDB to increase funding in Egypt
Prime Minister suggests the formation of trilateral cooperation
Return on equity and bank profitability: Could this exercise help Egyptian economy?
By Ahmed M El-Wahsh Return on Equity (RoE) is an internal performance measure of a bank’s profitability from the shareholder’s point of view, typically measured by the ‘Net Income’ per dollar of ‘Equity Capital’. It is often considered as the most popular measure of performance, as it is easily available to the analysts, proposes a …
Dollar to reach EGP 8 by the end of June: Emirates NDB
Depreciation can happen at a faster pace, the bank says
NBE aims to pump EGP 200m in 2015 investment portfolio
The National Bank of Egypt (NBE) has aimed to pump EGP 200m to its investment portfolio during 2015, head of the bank’s investment sector Mohamed Ragaa’i announced. Ragaa’i explained that NBE is seeking for the investment portfolio to reach EGP 1.4bn by the end of 2015, compared to EGP 1.2bn by the end of 2014, …
Banks take responsibility for raising living standards
Without social role and ensuring adequate standard of living for individuals, banks’ profits will be badly affected
Weekly dollar bids rise to four times a week
CBE is set to raise dollar bids worth a total of $160m instead of $120m
The Bank of 20XX
It started with the ATMs because they broke many banks’ assumption that their customers transacted all their bank business in their own branch.
CBE to supervise monetary transactions outside banking sector: Deputy governor
Supervision will cover monetary fund money despite antipathy of investment directors
National Bank of Egypt hopes to open 200 new branches within 3 years
EGP 150m total savings for bank clients with platinum certificates
Rise of interest rate to have limited effect on stock market: Experts
Economic experts give different reasons for the limited impact of the interest rate hike on the stock market
Credit card client accounts valued at EGP 567m in April 2014: Barclays
Daily News Egypt speaks with Omar Baig, Retail Banking Director of Barclays Bank Egypt, the winner of Best Credit Card Product in Africa award for 2014.
‘Titanium card’ to be launched next month: AAIB retail banking head
25000 clients using credit card in the bank, Verified by Visa (VBV) is safest way to shop online by AAIB, Himanshu Shrimali said
CIB and EgyptAir launch joint-brand airline credit card
The joint-brand credit card was launched through the “Mileseverywhere” initiative, which offer client new benefits.
Domestic liquidity increases to EGP 1.44tn: CBE
Increase of net domestic and foreign assets in banking system contribute to a 11% increase in domestic liquidity, according to central bank report
Bank loan assets increase by EGP 7bn in March: CBE
Bank balances in March rose to EGP 559.444bn as compared to EGP 553.464bn in February and EGP 546.228bn in December of last year.
Barclays Bank Egypt achieves EGP 132m net profit for Q1 2014
The bank achieved a rate of return on equity of 19% in comparison with the same period in 2013, in addition to an increase in the rate of return on assets which rose from 2.5% to 3.1%.