Latest in Tag: banks Highlight
Latest in Tag: banks
We will not put depositors’ money at risk by investing in stock market: Banks
Foreign banks prevent branches from investing in stock market, Egyptian banks resort to creating subsidiary companies, investment funds
Al Ahly Capital presents written expression of interest for CI-Capital
CIB clarified that the expression of interest did not include a non-binding offer, nor did it indicate a specific price
CBE regulations on retail bank loans expected to boost car payments through direct instalments
Customers will escape from banking restrictions, says Honourary Chairman of AMIC
CBE demands that banks tighten security measures around their offices on 25 January
Falcon deploys fast intervention cars around institutions it secures to support its personnel at any time
Banks race to implement CBE’s programme for funding SMEs
Both Banque Misr and the Industrial Development and Workers Bank of Egypt have begun proposing funding programmes with a 5% declining annual interest rate
EGP 29.3bn increase in bank deposits, EGP 10.8bn increase in loans in October 2015: CBE
Household sector acquires 77.6% of deposits in the local currency and 63.2% of deposits in foreign currency, private sector acquires 75.8% of loans
Bank’s proposals published to break deadlock of CBE’s retail banking regulations
Banks request CBE not to impose these regulations on all customers and to divide them in categories based on income
CBE’s new lending regulations are credit positive for banks: Moody’s
Egypt’s Higher SME Lending Quota Supports Economy but threatens Banks’ Asset Quality
CBE postpones decision regarding EGP interest rate to negotiate with coordination council
The Monetary Policy Committee (MPC) meeting took three hours Thursday and ended without reaching a decision regarding the interest rates on EGP
Government plans to borrow EGP 281.5bn from banks in next three months
Banks account for 75.5% of total releases of treasury bills and the largest percentage of bonds
Banks delay raising interest rates on pound savings until return from debt instruments increases
The banks started to hold intensified meetings on Sunday morning to discuss the future of interest rates on the deposits and loans they handle.
Banks to discuss deposits and loans, await decisions on return on debt instruments
Banks are meeting after the CBE lifted its basic interest rate by 50 bps Thursday
Banks take steps to support tourism after new CBE initiative
Measures include postponing loan repayments for tourism employees and investing in facilities
Banks seek to learn from Italy on SME field trip
Participants aim to become acquainted with the basics of international practice in the financial support of SMEs.
New ‘Car City’ raises controversy
The 20-year usufruct system hinders idea of establishing New Car City, says businessman
Banks seek to boots customer base, sell loans
Industry figures say more personal borrowing for cars will boost economy
Banks adopt strict measures to issue new letters of credit
The CBE evaluates the banks’ cooperation in providing the foreign currency through three factors
Banks criticise CBE’s FX Auction regulations
The regulations were a new shock to banks that did not obtain dollars from the CBE
Banks ordered to prioritise providing foreign exchange for vital exports
CBE demanded that local banks prioritise directing their foreign exchange liquidity to cover the importation of commodities
Cooperation is conditional for obtaining dollars: CBE to banks
Amer’s latest regulations for dollar availability act as a warning to uncommitted banks, experts say
Cairo Solar negotiates with 4 banks to issue EGP 30m letter of guarantee
Bilateral talks between the Ministries of Electricity and Finance are taking place in order to set a mechanism and vision to obtain foreign exchange to enable investors in the renewable energy sector to pay the instalments and interests of their loans.
Banks fail to receive their share of CBE dollar auction
It maintained the exchange rate of the dollar against the pound at this periodic auction at EGP 7.73, which led to stabilising the dollar price at banks at a bidding price of EGP 7.78 and an asking price of EGP 7.83.
Britain’s leading banks pass stress test
Britain’s seven biggest lenders have passed central bank stress tests designed to see if they withstand deterioration in global economic conditions and avoid having to be bailed out by taxpayers again. Bank of England’s (BoE’s) Prudential Regulation Authority (PRA) said in its annual stress test report released Tuesday that Britain’s seven biggest banks had adequate …
6 banks exempted from applying maximum wage
Six other banks await a judicial ruling for exemption
5 banks represent UAE in Egyptian market
Five UAE banks currently operate in the Egyptian market; Emirates NBD, the National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Union National Bank, and Mashreq.
Banque du Caire increases branches, banking units to 231
Bank opened six new branches and banking units, plans to expand in about eight governorates
Total deposits growth rate in banks reached 18.88% in August: CBE
EGP 29.5bn increase in deposits, EGP 10.7bn increase in bank loans during August: CBE
Amer’s most prominent challenge is employing liquidity in local currency at banks
Banks offered to invest EGP 252bn in CBE deposits for one day and employ dozens of billions in corridor
Egyptian pound devaluation has positive impact on tourism: Colliers official
Creation of Suez Canal is a catalyst to build a new tourism hub, and Ain Sokhna particularly in the immediate future, says Head of Hotels (MENA) at Colliers International
QNB-Alahli acquires 7.95% of total loans, 5.62% of deposits for banks operating in Egypt
The bank’s loans-to-deposits ratio increased to 58%, compared to the 41% average in the banking system