Latest in Tag: Belton Highlight
Latest in Tag: Belton
Scrapping 15% saving certificates to positively affect banks, raise profits
Suspension of these certificates will increase competition among banks in attracting household sector deposits, says Tarek Metwally
Suez Canal Bank sees weak earnings growth y-o-y on pressured NIM, higher CTI amid subdued lending: Beltone
Suez Canal Bank (SCB) reported a bottom line of EGP 115m at the end of the first quarter (Q1) of 2018, still 2.5% more year-over-year (y-o-y), and 36% higher quarter-over-quarter (q-o-q), according to Beltone Financial, which issued a report analysing the performance of 10 banks operating in Egypt. According to the report, the relatively flat …
Momentum in NUCA’s auctions to continue: Beltone Research
HDB stands as key beneficiary on continued flow of low-cost deposits
CIB Q2 results below consensus: Beltone
The Commercial International Bank’s (CIB) bottom line in the second quarter (Q2) of 2017 came in at EGP 1.8 bn (+25% y-o-y, +6% q-o-q), c.3-4% below both the market’s consensus estimates, Beltone said in a recent research note. The note attributed the reason for the marginal miss compared to their estimates to the higher-than-expected effective …
Increase in deposit rates at Crédit Agricole by end of Q1: Beltone
Gradual increase in financing imports and exports, thanks to currency availability following flotation
Fully liberalised exchange unlikely: Arqaam Capital
Following Beltone’s research report, Arqaam releases its perspective on the specifics of a likely partial floatation of the Egyptian pound
Beltone sues EGX chairperson for repeatedly canceling trading on its transactions
Cancellation of operations caused serious damage to the reputation of the company, with a negative impact on shareholders
International gateway revenues to TE will drop in 2017: Beltone
The launch of international gateway licences to Vodafone and Orange will threaten TE’s revenues
GB Auto benefits from declining auto market in augmenting its market share: Beltone
Beltone’s research added that the firm has succeeded in building banking relationships which help it to obtain its foreign currency exchange requirements to import cars collected abroad or automotive components