Latest in Tag: Banking Highlight
Latest in Tag: Banking
Greek banking stocks plunge again
Greece’s banking stocks have plunged for the second day in a row, almost reaching the 30 percent daily limit for losses only minutes after trading began. That limit was reached Monday, compounding Athens’ financial woes. The Athens stock exchange’s banking index, which measures the value of Greece’s four largest lenders, dropped 29.2 percent on Tuesday …
QNB Al Ahli, EBRD set $100m for SMEs in Egypt
EBRD provides QNB Al-Ahli with $40m for trade facilitation
Barclays says its activities in Africa strengthened
Bank gained half a million new customers in retail banking
EGP 597bn total local outstanding treasury bonds balances by June: Finance Ministry
$5.75bn in bonds were launched in international markets from September 2005 to 11 June 2015
CBE continues decreasing pound’s value against dollar
A further 10 piasters reduced against the US dollar to 7.83EGP
Banque Misr to support science centre in Children’s Civilisation and Creativity Museum
Banque Misr stresses its keenness on contributing to all projects that encourage science, support Egyptian talents and contribute to the development and renaissance of the community.
AAIB assets increase to EGP 91bn by end of March
The fund portfolio for companies at the bank reached EGP 31.4bn by the end of March 2015, a rise of 11.33% compared to December 2014.
NBG-Egypt ‘not affected’ by Greek banking crisis
Bank is only representative of Greek banks in Egypt after exit of Piraeus
Emirates NBD seeks 25% growth in activities by end of 2015: Al-Damaty
The bank finances more than 22 sectors, primarily in energy, petroleum, communications, construction and food
CIB launches Smart Saving account with EGP 500 minimum
New account combines money box and “gameaya” (joint fund), with accumulated interests not affected by market changes says bank official
Banque Misr celebrates 95th anniversary
Egypt’s first bank, Banque Misr was established by Talaat Harb
2 billion people outside banking system: World Bank
International banking Financial Inclusion Summit 2015 ends in Budapest
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.
CBE made bold decisions during Al-Sisi’s first year: Banking leadership
Decreasing the pound’s value against the dollar, limiting foreign currency deposits in the banks among CBE most daring decisions in past years
Egypt’s dollar bonds attract more than 290 investors from foreign markets: Dimian
Distribution of 45% of bonds in USA, 35% in UK, 11% in Europe, 7% in Middle East and 2% to the rest of the world
12 new United Bank branches in 18 months: Mohamed Ashmawi
United Bank branches will increase to 62, to cover all the governorates
CBE controls importers’ manipulations
Banks activate automated “Model 4” to determine real importing demands
CBE to investigate future of interest rates
The market expects MPC to fix both loan and deposit rates
EGP 23.3bn increase in bank loans in March: CBE
The private sector acquired 80.8% out of the total loan balances
Moody’s upgrades CR assessments for 5 Egyptian banks
On 15 May, Standard and Poor’s revised its outlook on Egypt, raising it from stable to positive
Global banking is HSBC’s priority in Egypt: Blanchet
HSBC launched in April its second International Growth Fund, worth EGP 300m, to support SMEs
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
CBE, EFSA cooperate for financial education programme
The proportion of Egyptians dealing with banks is 10%, says EBI executive director
Mashreq Bank expands in Egyptian retail banking market
New initiatives to be launched this coming year to enhance services
Technical financial inclusion provides EGP 37bn into banking sector: Hanafy
Egypt depends on traditional energy sources to generate electricity at rate of 93% from gas and fuel, petroleum engineering professor says
GAFI signs free trade zone agreement with Ajman Free Zone: Al-Hashemi
Ajman plans Egyptian free trade zone cooperation to support SMEs, economic growth
Ambitious Banque du Caire strategy targets 30% loan product growth: Bank President
Car loans from Banque du Caire is considered the fastest growing bank product in the Egyptian market, Zahid said
Following deposits’ ceiling, dollar to remain stable until March summit: Officials
CBE placed ceiling deposit of $10,000 per day and $50,000 per month
First ATM security cabinet to be introduced in Egypt
CMS is receiving offers from banks to deliver the service
NBE to fully automate risks management: Information Security director
Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says