Latest in Tag: banks Highlight
Latest in Tag: banks
2019 is year of challenges, opportunities for banks
There are many challenges, pressures on banks’ budgets, profits in upcoming period
All banks operating in Egyptian market invited to adopt principles of responsible banking
Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
Foreign assets deficit continues to widen in banks
Exit of foreign capital from emerging economies trailed in October at slower pace since April 2018: CBE
Credit facilities granted by banks to their clients increased by EGP 25.3bn in October
Private business sector covered for 61% of total credit facilities, industries among top beneficiaries: CBE
Deposits, commercial accounts in banks rose to EGP 3bn: CAPMAS
The Central Agency for Public Mobilisation and Statistics (CAPMAS) data has shown that the financial position of the banks rose to reach EGP 4261.3bn for 2016/17 with a rate of increase 49.7% for 2015/16. The increase has reached EGP 1415.2bn due to the increase in the deposits and commercial accounts at a value of EGP …
Minister of Finance criticised for his statements regarding taxpayers’ accounts in banks
This is not first time officials make statements that do not take certain aspects into consideration negatively affecting economy: Aboulfotouh
Banks are preparing to activate ‘Miza’ national payment card
HDB has finished configuring its ATMs to accept the card: Sebaey
Banks allocate EGP 114.602bn to face doubtful debts end-September: CBE
The ratio of non-performing loans up to 4.4% of total loans in Q3 2018
Banks’ profits score EGP 48.499bn until September 2018
Top five banks account for 43.9% of profits, top 10 hold 61.07%: CBE
Banks’ investments in T-Bills reached EGP 749.117bn at end of October: CBE
Foreign investment in bills decline for 7th month in a row
5 major banks represent UAE in Egyptian market
List includes Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, UNB Egypt, Mashreq
Credit facilities granted by banks to clients increase by EGP 28.2bn in Q3 2018
Private business sector obtains 61.3% of these facilities, industry sector benefit most, says CBE
Banks continue to shine with strong business results in 9M18
Marked increase in deposits, loans portfolios, NPLs decline at most banks
Banks’ investments overseas: high diversity, multiple risks, derivatives completely prohibited
CBE placed several measures to hedge, expand investments, eliminate risky asset investments: Metwally
Egyptian banks inject EGP 111bn to finance SMEs until June 2018: NBE
NBE aims to increase the volume of funds allocated for SMEs to EGP 100bn by 2020, Abul Fotouh
Network International banks integrate Egypt’s Meeza payment scheme
NI partner banks among first acquiring banks in Egypt to integrate national payments scheme
Banks’ profits score EGP 45.843bn at end of June 2018
Top five banks account for 61.34% of profits, against 72.87% for 10 banks, says CBE
Five banks grant syndicated loan of EGP 2.4bn to Oilex for establishment of industrial complex for extraction, refining, packaging of vegetable oils
Loan amounts to 61% of investment cost, financing extends over seven years, including payment and grace period
CBE alters banks’ granting of credit facilities to public business sector companies
New rules for banks dealing with companies engaged in financing instalment sales
Credit facilities granted by banks in FY 2017/2018 score EGP 203.2bn
Private sector acquired 62% of facilities, industries at forefront, CBE stated
Most banks in Egypt performed well in H1 2018
Financial statements of 10 banks reflect significant growth in profits by end of June 2018 YOY
Banks inject loans worth EGP 35.861bn, attract deposits worth EGP 41.5bn in April 2018: CBE
Private sector acquired 61.7% of total loans, EGP 11.4bn increase in individual loans
For banks, 2018 is year of data
We are often told that regulation and technology are the key drivers of change in banking. This maxim remains true, but can distract from a more critical insight. In 2018, regulatory reform and technology innovation will continue to reshape banking. But the changes they enable are being propelled by forces so profound and far-reaching as …
Daily News Egypt test-drives Mercedes-Benz GLC on banks of Rhine, Switzerland
Powerful engine of 242 HP, suspension system suitable for all roads, terrain
HC expects banks to remain profitable on higher non-interest income, normalised NIMs
Resilient NIMs on sound liability management
CBE reveals several important indicators of performance of banks during Q1 2018
More than EGP 39bn increase in volume of deposits, EGP 85.2bn in loans
Defaulting clients visiting government banks to settle their debts
Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP 700m, says Aboul Fotouh
Total credit facilities by banks increased by EGP 123.2bn in nine months
Industry alone received 25.2% of total credit granted by banks to non-governmental economic activities, states CBE
Banks invested EGP 650bn in T-bills until end of March 2018: CBE
Government banks invested EGP 333bn, private banks invested EGP 279.8n, foreign banks invested EGP 26.1bn, and specialised banks invested EGP 11.1bn
Deposits up EGP 52bn, loans EGP 27bn end-February: CBE
Banks’ investments in stocks, bonds down EGP 37bn