QNB net 2014 profits inched up to $2.9bn
QNB Group continued growth in 2014 with increase in net profits, shareholders and assets
Latest in Tag: NSGB Highlight
Latest in Tag: NSGB
S&P raises ratings on four Egyptian banks
Ratings agency upgrades long-term ratings on National Bank of Egypt, Banque Misr and Commercial International Bank to B- from CCC+, raises public information rating on NSGB.
Egyptâs Business Directory names the top five local banks
CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country
High interest rates attract international and Gulf banks
âThe fact that thereâs a general trend of expansion happening is a positive step for the banking sector in Egypt,â said Hesham Shawqi, head of the investment sector at Arab Investment Bank in Cairo.
Business News: Large banks ranked most efficient while small banks achieve fastest growth
CIB rated as most efficient, followed by NSGB, while HSBC places third due to its refusal to disclose information on its non-performing loans
Egypt: International banks eyeing long-term growth
Egyptâs market is also attracting attention from Gulf banks
ETA reveals top 10 taxpayers for FY 2012-2013
Banks dominate list
Government cancels EGX dividends and gains taxes
Government official: No further NSGB-QNB deal taxes, any already collected to be refunded
Egypt âtoo big to failâ: Director of Actis in Egypt
Actis is an emerging markets investor with US$5.2 billion funds under management. Through the expertise of over 120 investment professionals on the ground in twelve countries, Actis identifies investment opportunities in three areas: private equity, infrastructure and real estate. Daily News spoke to Actisâs Director in Egypt about the current business environment in Egypt, the challenges as well as the solutions to reposition Egypt as an attractive investment destination.
EGX 30 drops to lowest level in three months
NSGB tax deal pulls indices down
10% tax on NSGB sale profits
âBased on difference in buy and sell pricesâ, not all investors involved in the deal will pay the tax
Purchase offer period ends as QNB acquires 100% of NSGB
Qatar National Bank bought each share at EGP 35.65, with the total value of the sale reaching EGP 16.142bn
NSGB workers threaten strike over âQatar problemâ
Employees have expressed disapproval over Qatar National Bankâs acquisition of 100% of NSGB, and are to stage a protest on Monday to denounce the agreement
Qatar National Bank buys 100% of NSGB
EFSA has approved QNBâs offer of EGP 38.65 per share for 100% of NSGBâs shares
QNB offers a tender to take over entire NSGB stake
This deal acts as an important step in QNBâs strategy to expand in foreign markets and is the largest acquisition in the history of the QNB group
Egyptâs Central Bank agrees to sell both BNP Paribas and NSGB
The Central Bank of Egypt (CBE) agreed to plans discussed last week to sell both BNP Paribas and National Société Générale Bank (NSGB)
Egypt: Banks attracting Gulf investors
By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector back into the headlines on a positive note, helping offset a recent ratings downgrade. While the transactions also represent the …
EGX upward trend cut short
Analysts say that a “Yes” vote on the constitutional referendum would positively influence the Egyptian stock market
QNB in final stages of NSGB acquisition
Qatar National Bank (QNB) Group announced that it is in âdefinitive agreementâ with the French bank Societe Generale concerning the acquisition of its entire stake in National Societe Generale Bank Egypt (NSGB). Societe Generale owns 77.17 per cent of NSGB. QNB Group will launch a mandatory tender offer (MTO) for 100 per cent of the …
Hamstrung, humbug and hubris
By Philip Whitfield Cairo: Sheep steal elections. But you tempt fate pulling the wool over votersâ eyes. War is not receding in the Middle East. It is building to a crescendo US secretary of state (2005 to 2009) Condoleezza Rice writes in the Washington Post. Her clarion call is trumpeted by the Tahrir Square …
Qatar National Bank in talks to acquire majority stake in NSGB
By Sarah Daoud SociĂ©tĂ© GĂ©nĂ©rale is in talks with Qatar National Bank (QNB) to sell its majority stake in its Egyptian subsidiary, according to Mohamed El Deeb, chairman and managing director of National SociĂ©tĂ© GĂ©nĂ©rale Bank-Egypt (NSGB-Egypt). QNB has expressed interest and approached the group about potential acquisition of its 77.2 percent majority stake in …