
17 banks in Egypt report total EGP 18.565bn net profits in H1 2020
Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure on banks’ balance sheets
Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure on banks’ balance sheets
Bank manages 1.701m accounts for its clients worth EGP 82.896bn
CIB – Egypt tops the list by EGP 5.355bn profits, QNB Alahli comes second by EGP 4.217bn
Total assets of bank increased to EGP 97.289bn end-June, up from EGP 85.902bn in June 2018
The bank’s total assets stood at EGP 95.86bn, up from EGP 84.44bn at the end of May 2018, rising by 13.5%.
Faisal Islamic Bank of Egypt has bought a new office with an area of 300 sqm in Smart Village – a high-technology business district in the city of Sixth of October – from the Smart Village Real Estate Investment Company (SVREICO) for EGP 16m. The new office is expected to be delivered this month. SVREICO …
Five banks only earn billions in net profits, other banks acquired under EGP 1bn each
Egypt occupies fifth place according to the number of banks on the list, and QNB tops Arab banks in terms of size of assets
The bank has presented a plan to the CBE to increase the share of funds provided to SMEs in its lending portfolio by 7% by 2019, said El-Bendary
Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks
Total business volume, total assets and liquid assets of the bank all see year on year gains