Latest in Tag: hsbc Highlight
Latest in Tag: hsbc
Misr Financial Investments Company contracts with Hermes, HSBC to offer its Banque du Caire share on EGX
The company will remain the owner of the ruling share in the bank after the offering, says prominent banker
NBE, CIB, Banque Misr, QNB Al-Ahli, HSBC hold over half of banking sectorâs total profits as of December 2015
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
HSBC to introduce mortgage loans in 2016
Loans to be introduced to premier clients first
HSBCâs latest report shows that 75% of Egyptians are not ready to retire: executive
The bank saw growth in its asset lending book in 2015, reaching 16%, but a drop in the liability front during fourth quarter of the year because the saving certificates issued locally
HSBC snubs Hong Kong, stays in London
Europe’s largest bank, HSBC, will keep its headquarters in London after a year of looking into whether it would not be better to move to Hong Kong. But even a looming Brexit couldn’t change the picture.
HSBC working on several deals in the pipeline worth more than $3 billion:Bankâs CEO
HSBC allocated EGP 260m from latest SMEs fund
Google, Microsoft most attractive employers for Egyptian graduates
At least 50% of all Egyptian students polled want to work for an international company
Swiss regulators probe possible metals price fixing
Swiss competition authorities have said they’ve opened an investigation into whether a number of banks have been involved in the illegal fixing of precious metals prices. Deutsche Bank is among the scrutinized lenders. Swiss regulators announced a probe on Monday into whether a group of large banks had fixed prices in the lucrative precious metals …
Argentina orders HSBC to replace country chief
Argentina’s central bank is cracking down on the banking giant HSBC amid a multi-billion-dollar tax Argentina evasion scandal. It has demanded that the British lender’s local unit president be replaced within 24 hours. In addition to charges of aiding tax evaders, the central bank in Buenos Aires also accused HSBC Argentina president Gabriel Martino of …
HSBC operating profit up, net income falls
Europe’s biggest bank, HSBC, has reported a drop in bottom-line earnings for the second quarter, but pointed to rising operating profit in the first half of 2015. The lender is in the midst of deep restructuring. HSBC announced Monday that its net profit fell 3.8 percent in the three months to June. In the first …
HSBC dismisses employees, management in Egypt remains silent
According to a bank statement, 8,000 employees out of 48,000 employees who work in the bank’s UK branches will be affected.
Egypt gains momentum in ICT outsourcing
By Oxford Business Group Egypt has long been a cost-competitive destination for offshore services, such as business process outsourcing (BPO), but a spate of new agreements with a number of large investors has given the ICT sector a further boost, with thousands of potential new jobs in the offing. Egyptâs Information Technology Industry Development Agency …
GDP to grow 5.6% annually between 2020 and 2030: HSBC
Oil contribution to exports to drop to 14% by 2030, electronics exports may rise at 11% per annum during next 15 years
HSBC considering financing Egyptian projects: Amr Bahey
HSBC Egypt loan portfolio grew 9% last March, says senior official
Global banking is HSBCâs priority in Egypt: Blanchet
HSBC launched in April its second International Growth Fund, worth EGP 300m, to support SMEs
HSCB launches EGP300m growth fund for SMEs
This is the second growth fund launched by the bank
Non-oil private sector conditions hit 17-month low: HSBC Egypt report
New orders placed in Egyptian non-oil private sector companies fell for second consecutive month in February, report says
Etisalat Egypt receives $120m Bank of Abu Dhabi and HSBC loan
Etisalat Egypt has repaid the last portion of the $300m loan it received from several banks in 2010 through premiums. The loan was fully repaid in 2014.
No EFSA legal action against former trade minister
Rachid Mohamed Rachid has account in HSBC worth $31m illegally
28.5% of Egyptian banks provide mobile banking
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
Output and new orders of private companies decline: HSBC
Lower demand contributed to output, the bank stated
CBE expected to allow further devaluation of Egyptian pound: HSBC
Investors remain concerned over companiesâ vulnerability to governmental decisions
$1.1bn decrease in foreign reserves from October to November: CBE
Decline mainly due to the repayment of accrued deposits to Qatar, claims economist
HSBC Group believes in long-term future of Egypt: Commercial banking head
Bank remains committed to business growth in Egypt, despite tough economic circumstances
Egypt one of the HSBC Group’s 19 global priority markets
By Walid Abdel Azim Mona El Sayed, Head of Commercial Banking at HSBC Bank Egypt, talks to the Daily News Egypt about the companyâs plans and assessment of the Egyptian economy. What is the HSBCâs vision for the Egyptian economy in the coming period? HSBC Group believes in the long-term future of Egypt and remains …
Notable rise in output, new orders of private companies: HSBC
Employment rose for first time since April 2012, yet job creation remains modest
HSBC sees huge opportunity for credit card growth: Bankâs head of retail and wealth management
Three main factors affect how high or low credit card penetration can be in a country, HSBC official explained
Mideast consortium agrees $500m National Petroleum Services buy
Reuters – A consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (APICORP) have agreed on a deal to acquire Dubai-based oilfield services firm National Petroleum Services, Fajr said on Tuesday. The transaction, which is expected to close in the second quarter of 2014, is valued âin excess of $500mâ, it said …
Major economies end first quarter on weaker note
Reuters – Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth. Factories across Europe eased back on the throttle in March while Chinaâs vast manufacturing industry contracted for the third …
Egyptâs economy to strengthen from 2014 to 2016: HSBC
Trade with Europe shows promise during the next six months, the bankâs latest report noted