Latest in Tag: credit Highlight
Latest in Tag: credit
Banks’ credit facilities reach EGP 1.84trn November 2019
Private business sector accounted for 59.2% of the total facilities, and the industrial sector is at the forefront of the sectors that benefit from it: CBE
Palm Hills signs EGP 505m credit facility with AUB to refinance existing debt
Mansour added that this move comes in line with the PHD’s strategic direction towards leverage optimisation, reducing financing costs and cash flow enhancements.
We aim to bring the Premium International’s turnover to EGP 3.8bn in 5 years: chairperson
The company aims to launch two new products in 2020 and provide premium services to individuals
Bank deposits up by EGP 95.471bn recording EGP 4.007tr in June
Banks’ credit facilities see EGP 224.7bn rise, private business sector holds 60.7%
E-Banking future of banks inside, outside Egypt: Ozalp
Blom Bank Egypt launches contactless payment service via credit, debit cards
Banks’ credit facilities see EGP 218.6bn rise in 11 months
Private sector accounts for 60.8% of total facilities, with industry in the lead, says CBE
Banks’ credit facilities see EGP 226.6bn rise end of March, deposits up to EGP 3.930tn: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead, according to CBE
Fitch Group launches 1st international Credit Academy, certification in Egypt
In its press statement, Fitch said that the choice of Egypt for launching this academy was for various reasons
Banks’ credit facilities see EGP 206.7bn increase in last 8 months: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead
Banks granted credit facilities of EGP 1.413tn until July: CBE
Industry sector obtained 35.9% of total credit, agriculture sector share declines to 1%
Growth in broad money, credit to decelerate rapidly in coming months: IIF report
The IIF’s report says that a 1% increase in interest rates would slow the growth in broad money by 0.5%
CBE calls on banks to reconsider limits of credit they grant clients
CBE issues regulations to benefit from covering debts of companies resulting from exchange rate differences
Increase of EGP 38.4bn in total credit facilities granted by banks to customers from July to October: CBE
The private sector acquires 59.6% of total credit facilities
EGP 27.4bn increase in total credit facilities granted by banks to clients during Q1 of FY 2016/2017: CBE
The private sector accounted for 59.6% of the total of these facilities and the industrial sector tops economic sectors supported by banks
Credit facilities granted by banks to their clients in August increased by EGP 12.3bn: CBE
Private sector accounts for 59.4% of the total facilities, deposits increase by EGP 34.4bn
Pound liberalisation, high interest rate credit positive for banks: Moody’s
The increase in benchmark rates will support banks’ profitability, says the credit rating agency
Banks granted EGP 207.7bn more credit facilities over 11-month period: CBE
Industry sector accounts for 32.2% of the credit facilities; while only 1.4% went to agriculture
Banque Misr launches service for credit score via ATM enquiry
Banque Misr launched a service that allows its customers to enquire about their credit score via ATMs. Mohamed El-Etreby, chairperson of Banque Misr, said that this service is part of the bank’s strategy to adopt the latest technologies in banking services to meet the needs of its clients and provide them with unique services. This …
US dollar shortage restricts activities of credit leasing companies
Import companies have suspended operations amid difficulty opening letters of credit, says CEO of A.T. Lease
Private sector accounts for 59.3% of credit facilities granted by banks to clients: CBE
Industry at forefront of economic sectors funded by banks followed by services, while the agriculture sector came last
72m credit facilities registered in I-Score database as of October 2015
140,500 SMEs work with banks and banking sector should support these companies more
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
Banking intermediation credit to private sector at 32% until 15 September
The overall share of funds to SMEs in the loans portfolios of banks operating in Egypt is 5%, says Dcode report
$72m total investment acquired by Careem since inauguration
Around 15 females work with Careem as captains in its Egyptian fleet
CBE pays 25% of credit facilitation for importers
The Central Bank of Egypt has repaid approximately 25% ($1bn) of the total credit facilitations granted by banks for importers in the past period, according to a banking official. The transaction was completed on Sunday, at a dollar rate of EGP 7.7401. The official said banks received an e-mail from the CBE on Sunday evening, stating …
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
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
NBE to grant credit for 640 housing units
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms
EBRD provides $30m to NBE for small business development
Loan follows $50m provided in December 2013
Shift in Suez Canal financing comes under scrutiny
Investment certificates expected to encourage investors with higher-than-average interest rates