In exclusive statement to Daily News Egypt, El-Etreby said that the donations have been given to a fund devoted to this matter.
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Bullion coin price rises by about EGP 72 to EGP 7,048
The CBE added that demand deposits recorded about EGP 482bn, of which about EGP 192.22bn was by the household sector, and about EGP 31.3bn for the public sector. The private sector accounted for about EGP 258.5bn of the whole figure.
Auctions part of government plan to borrow EGP 600bn from local market in Q1 of FY 2020/2021
Farouk has over 29 years of banking experience, having previously been involved in the restructuring of banks and financial institutions
MSMEDA working towards setting law’s executive regulations in cooperation with all relevant authorities
Gold prices rose to record levels as the rift between the US and China intensified, and a weak US dollar pushed investors to seek refuge in the safe haven
Gold remains safe haven in light of continuing global storms, says Abdel-Aal
After coronavirus, digitalising financial services become necessary to ensure customers’ comfort, safety, says Credit Agricole official
AOI Chairperson Abdel Moneim El-Terras stressed that the agreement reflects President Abdel Fattah Al-Sisi’s directives regarding Egypt’s digital transformation. He also emphasised that AOI has allocated all its capabilities and technological expertise to developing Egypt’s banking institutions.
NBE donates EGP 8bn in past 6 years, while Banque Misr gives away EGP 3.2bn in 5 years
The securitisation bonds were issued through receipts, financial rights, and future payment dues guaranteed by various guarantees by three of the group’s subsidiaries, namely Raya Electronics, Aman for Financial Services, and Aman Microfinancing.
The approval was given after a standing vote on the new law, with a two-thirds majority of the parliament members voting their approval.
Egyptian exports to US equivalent to 7.2% of Egypt’s total exports in 2019
The tripartite cooperation will see the conversion from the currently used flood irrigation system to a more environmentally friendly sprinkler and drip irrigation method.
This is applicable on natural or legal persons regardless of their activity. Moreover, the door for appeals will be opened to taxpayers again.
Bank allocates EGP 600m to comprehensive technological development, establish electronic branches, expand geographical spread, says Fahmy
Total deposits see 14.33% growth in April, compared to 13.9% in March; foreign currencies share fell to 17.01%
About 2,456 customers benefited from nano-finance products, with total EGP 577.3m in funds granted
Total deposits up by EGP 92.4bn, total loans rise by EGP 91.9bn
Gamea explained that the agency is keen to meet with governors and leaders of the authorities working in the SMEs sector.
Bank made allocations of EGP 2.260bn, compared to EGP 795m during same period in 2019
Crédit Agricole Egypt has successfully become market player and partner to Egyptian economy, says Pierre Finas
Egypt buoyed up by recent IMF’s, international market’s cash injections estimated at $10bn
Daily News Egypt monitors profit decline of 12 banks out of 16 surveyed
Egypt’s import bill has generally decreased, on back of commensurate decrease in demand for foreign exchange, says economic expert
Hammad will also be responsible for managing standard customer experience and quality management, in addition to direct sales teams.
The agency added, in its monthly inflation report, that the whole country’s CPI inched down to 107.5 points in June, registering a slight decrease of 0.1% from May.
Wilcox’s appointment was made with effect from 1 July, following the receipt of the required regulatory approvals. Joining from HSBC China, where he has been Deputy CEO since January 2018, Wilcox has extensive international banking experience. Of this, the last 15 years have been with HSBC in a series of leadership roles in Hong Kong, Brunei, Bermuda, and Canada.
About EGP 2bn in transactions undertaken using Meeza cards was in purchases and payments