Latest in Tag: Loans Highlight
Latest in Tag: Loans
Private sector loans from banks amounted to EGP 1.058tn
The volume of loans obtained by the private sector from banks increased by EGP 7bn in September 2017 to reach EGP 1.058tn compared to EGP 1.051tn in August 2017, according to the CBE. The bank explained that the total credit balances of banks operating in the Egyptian market rose during September by EGP 13bn to …
EGP 49bn increase in loans for SMEs in 1 year: CBE deputy governor
CBE met NBG officials to identify bank strategy, no formal request yet to exit Egypt
Non-performing loans decline to 5.3% of total bank loans end-September 2017
The percentage of non-performing loans at banks working in the Egyptian market declined to 5.3% of the total loan portfolio by the end of September 2017, compared to 5.5% in June 2017, according to the Central Bank of Egypt (CBE). The CBE explained in a recent report about financial safety that the percentage of non-performing …
Banque du Caire arranges two loans for petroleum sector worth EGP 4-5bn
The bank is considering contributing to the Islamic loan, which is arranged by Banque Misr for Egyptian Iron, worth EGP 200m
Deposits up by EGP 30bn, loans down by EGP 13bn at end of July: CBE
Deposits amount to EGP 3.07tn against EGP 1.405tn of loans
SME loans at United Bank-Egypt register EGP 1.5bn
Bank signs a new contract with the MSMEs Development Authority worth EGP 50m to finance small projects in Islamic form
New micro-finance initiative worth $2.8m launched in Egypt
Egypt’s micro-finance segment is gaining new momentum thanks to central bank and government initiatives
Agriculture Ministry approves loans worth EGP 100m to finance livestock project
The first phase involves purchasing 8,055 calves
Unstable dollar price behind fluctuation in banks’ deposits, loans after flotation: CBE
Most banking indicators experience a rise and fall every month because of revaluation of assets in foreign exchange
Only 3 banks provide direct loans to finance tourism trips in Egyptian market
Banque Misr, AIBK, Al Baraka launch special programmes for these loans within the retail banking products among 22 banks included in Daily News Egypt’s scan
Government approves loans worth EGP 21m for 148 customers in calf project
753 customers applied to purchase 13,000 calves worth EGP 137.7m
Loans and long-term obligations on EEHC amount to EGP 200bn
NBE, Banque Misr , Deutsche Bank, BVR, EIB, and AFDB amongst the most significant investors
Nonperforming loans drop to 5.7% of total loans at banks by March end: CBE
Ratio of loans to deposits in local currency rose to 40.2%, ratio of loans to deposits in foreign currencies fell to 62.8% in March
Banque Misr arranges loans worth EGP 55.1bn in 2016
The bank won the “Best Africa Project Finance House” award for 2016 from EMEA Finance
Banks obliged to separate microfinance from retail loans
Trial project between civil associations and banks to benefit from digital services in obtaining financing and instalment payments, according to the CBE governor
1.8m people benefited from microfinance loans until the end of 2016: Samy
Volume of funding provided by these bodies increased to EGP 4.5bn, trade activity among the top beneficiaries, says EFSA chairperson
NBE accounts for 18% of total syndicated loans arranged in Africa
Bloomberg places NBE first in Egypt and other African markets for arranging marketing and managing syndicated loans during Q1
QNB ALAHLI loans increased to EGP 99.617bn, deposits reached EGP 159.795m YTD
Total assets increased to EGP 195.780bn, up 3% from December 2016
Petroleum Ministry to repay part of its dues to foreign partners in May
The ministry will complete the repayment of its dues after receiving the third tranche of the World Bank and AFDB loans, sources said
Egypt’s public debt is reaching critical level
Experts believe there are no other options but to ask for more loans, while national and foreign debt is equally dangerous
Egypt’s foreign exchange reserves to reach $28.5bn by March: CBE
Egypt expects the second tranche of a $12bn IMF loan by May
Private sector acquires 66.3% of total bank loans to clients by December: CBE
Non-performing loans rate declines to 5.8% of total loans in banks, with allocations of 99.1%
Banks offer their support to real estate sector
NBE provided letters of guarantee worth EGP 5bn for the sector of construction, says Aboul Fotouh
UNB Egypt aims to achieve 30% growth in loans and deposits
We aim to acquire a stake of not less than 5% of the Egyptian banking market over the next ten years, says Abdeen
20% increase in loans, 15% more deposits at Al Baraka Bank: Beltone
Foreign currency loans account for 25% of loans, while deposits in foreign currency represent 18% of sheer deposits
Egyptian economy is gaining momentum: Bank of America Merrill Lynch
With the trade in Egyptian Treasury bills (T-bills) gaining ground, the witnessed drop in T-bill yields at auctions is an indication of the increasing foreign investor participation and is providing support to the USD/EGP trade with a better tone, according to Bank of America Merrill Lynch’s February insight report. The report cites the unofficial announcement …
Banque Misr considers arranging syndicated loans worth EGP 54.7bn to a number of major economic sectors
Bank secures first place in the Egyptian banking market for marketing and management of syndicated loans and project financing
Bank loans increased by EGP11bn during October
Non-governmental loans recorded EGP 786.4bn in October
This year’s plan focuses on grants, raising demand on projects to 100%: Minister of International Cooperation
Development projects that received the funds will be inaugurated in 2017
QNB ALAHLI gross loans increased to EGP 97.508m, up by 55% from December 2015
Net profit increased to EGP 4.203m, up by 32% y-o-y