Latest in Tag: Loan Highlight
Latest in Tag: Loan
Bank deposit growth slows to 11.46% in April from 11.85% in March
DNE sheds light on key performance indicators of banks operating in local market in April 2019
IMF likely to approve final $2bn of Egypt’s loan next Wednesday
The IMF’s board approval of fifth review will allow Egypt to receive the last $2bn tranche of its loan.
IMF mission completes final review of Egypt’s reform programme for $2bn loan tranche
Fund calls on improving access to finance, industrial land allocation, competition, transparency, management of state-owned enterprises
Egypt has discipline, adheres to economic reforms with no need for another IMF loan: Ghali
‘I am trying to solve the problems and cases raised against me and I hope to return to Egypt,’ says Egypt’s ex-Finance Minister
Egypt, IMF discuss future cooperation after loan ends: Amer
Tourism revenues estimated at $10-12bn this year, targeted to reach $20bn annually
Banking coalition funds Al Sharqiya Sugar Manufacturing Company with EGP 3.1bn
Loan will be used to continue funding beet sugar factory in Al Salihiya at Sharqeya
IMF delegation to visit Egypt in May: Lall
Maintaining reform momentum is essential for job creation, supporting middle class, says IMF Egypt Mission Chief
Banking alliance arranges EGP 3.1bn worth joint loan for Samcrete Egypt
Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal Bank
Parliament Housing Committee accepts AIIB’s loan to mend sanitation services
Programme co-financed by World Bank
Germany disburses $250m worth tranche of soft loan to support Egypt’s economic reforms
Germany decided to disburse the second tranche of the German Government Owned Development Bank’s (KFW Group) soft loan to Egypt, authorised by the German government, which was worth more than $250m, according to a press statement by the German embassy to Cairo on Monday. The second tranche’s disbursement agreement is expected to be signed today …
IMF approves $2bn loan tranche to Egypt: Minister of Finance
The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $2bn to Egypt as the fifth tranche of its $12 loan, the Minister of Finance, Mohamed Moeit, announced on Monday. So far, Egypt has received $10bn from the extended $12bn loan facility signed in 2016. Moeit said that Egypt is expected to …
When will agricultural sector receive appropriate share of funds from banks?
Government received 28.105% of loans, industry 24.627%, services 25.957%, retail 17.286%, trade 7.627%
Negotiation with IMF is going smoothly, $2bn loan tranche to be disbursed soon: Moeit
New taxation draft law to be available for social discussion during next two weeks
Banque du Caire launches electronic loan repayment service, credit card payments in cooperation with Fawry
Service reduces time, effort exerted by customers, supports premium banking services: Banque du Caire CEO
Warnings of Egypt’s postponement of some measures agreed upon with IMF
Measures include determining fuel pricing mechanism, say sources
Egypt’s 4th econmic review for next IMF-loan tranche scheduled for 19 Dec. not ready
We lack information on fuel price indexation mechanism, says EFG Hermes’ research department
Mall of Arabia operates debt-free after paying off EGP2bn loan
Mall’s debt-free status will allow Marakez to continue its expansion plans, develop its current projects
WB announces additional $300m loan for sanitation services in rural Egypt
Project to benefit almost 1 million people, says statement
Pyramids FC signs Syrian Omar Kharbin on loan
Kharbin becomes 12th Syrian player in Egyptian Premier League
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
NBE, China Development Bank sign $600m loan agreement
Loan to be channelled to finance working capital of NBE’s clients
CDB’s total loan commitment to Egypt reaches $5.3bn
Bank likely to inject $2bn in local market by end of 2018, says chief representative
IMF approves 4th $2bn tranche of Egypt’s loan
The Executive Board of the International Monetary Fund (IMF) approved today the disbursement of the fourth tranche of the IMF loan to Egypt worth $2bn, as part of the extended $12bn loan facility over three years. The IMF’s approval followed the completion of the third review of the IMF’s economic reform programme, during their visit …
Metropolitan Egypt secures EGP 7m loan for Hi Style Building Contracting Company
Funding secured from NBE, including EGP 5m to finance operations, EGP 2m for letters of guarantees for tenders, says Nagaty
IFC provides first loan to support Egypt’s construction industry
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $15m loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of construction-related materials, to help the company boost production and create jobs, according to a press statement on Wednesday. The statement said that the IFC’s financing …
Banque du Caire contributes to EGP 568m loan to Zizinia El Mostakbal project
Bank is keen to support real estate sector through pumping all necessary financing for economically feasible real estate projects in light of state’s interest in such projects, says Fayed
Egypt receives final $1bn tranche of World Bank loan
Egypt has received the third and final $1bn tranche of the $3bn World Bank loan on Wednesday, according to Minister of Investment and International Cooperation Sahar Nasr. Nasr added that Egypt has received another $150m from the Group of Seven (G7), in addition to receiving $250m from Germany and $170m from France, to fund the …
Attijariwafa Bank Egypt loan portfolio grew 31% at end-Q3 2017
Real estate, energy, food, leasing, microfinance sectors accounted for large part of bank’s loans Attijariwafa Bank-Egypt achieved a 31% growth in total loans by the end of Q3 2017, after the bank registered growth in corporate loans by 38% to reach EGP 8.6bn, up from EGP 6.3bn at the end of 2016. According to the …
How to get a personal loan from AlexBank
If you are a government or private sector employee whose employer transfers salaries to the bank through a written statement, you can obtain a personal loan from the Bank of Alexandria (AlexBank). According to the bank, the payment period is up to eight years, with competitive interest rates and fees. The minimum amount of financing …
Egypt to sign €300m loan agreement to develop Lake Qarun
EBRD, EIB, EU will provide the required financing for project