Latest in Banking Highlight
Latest in Banking
“We work under the umbrella of the CBE and our clients did not make any withdrawals,” says bank official
The banks are Citi Group, Deutsche Bank, HSBC, the National Bank of Abu Dhabi, and Standard Chartered.
The total loan value is at EGP 10bn, of which Bank Audi-Egypt provided EGP 400m. The other banks involved in the loan include the National Bank of Egypt, Banque Misr, Banque du Caire, QNB, United Bank of Egypt, and Arab Bank.
Arab banking sector is committed to highest international standards in fighting money laundering and terrorism funding, says UAB Sec-Gen
New account combines money box and “gameaya” (joint fund), with accumulated interests not affected by market changes says bank official
Blood donation campaigns were held over two weeks in some of the bank’s main branches, in cooperation with Takatof Foundation
The project’s implementation period was from 2012 to 2015. It aimed to improve the quality of life of residents of these villages through education, health, economy and culture.
Egypt’s first bank, Banque Misr was established by Talaat Harb
The bank’s contributions in social responsibility are focused on several axes that include health, education and youth, as youth are considered leaders of the nation’s progress.
Misr El Kheir Foundation, 57357 Hospital, Magdy Yacoub Heart Foundation acquire biggest share of donations
Bank grants Suez Canal Authority $100m as part of syndicated loan to buy dredgers for new canal
Bank will negotiate with five international banks on Wednesday to promote bonds internationally
KarmSolar company will rent ERC’s 50,000 sqm land while ERC receives 2% of the project’s profits
First general assembly will be held, board of directors elected Thursday
EGP 138.7bn invested in CBE and EGP 20.75bn in treasury bonds, treasury bills
The bank has 420 units under financing in 10th of Ramadan City provided by MFF, says Taha
Ministry of Tourism to support tourism investment fund with EGP 100m, of which EGP 25m sent to Ayadi company established by Ministry of Planning
Initiative allows banks to allocate an amount for new loans granted to clients who do not pay debts on regular basis with 5% of fund’s value
International banking Financial Inclusion Summit 2015 ends in Budapest
CBE will allow local banks and foreign institutions to subscribe to the dollar bills with a minimum of $100,000 and its multiples
Falcon Group held a press conference last week, where it presented its work in securing the universities during the last academic year.
Ashmawy added that since the United Bank founded the administration, called Eithar, for community development in October 2006, it has been supporting two main axes: health and education, due to their great impact in societal development
Banque Du Caire has launched new fund programmes, such as the used cars’ loan programme launched this month.
Loan will be directed to pay part of EGPC’s dues
Financial Policy Committee has fears over growth rates with the deflation of global economy
Citibank’s individual clients amount to 600,000, with funding portfolio of EGP 1.7bn
$2bn for Egyptian maize imports in 2014, says Ramez
Bank deposits increased 17%-20% over last three years, loans increased by 10%
According to a bank statement, 8,000 employees out of 48,000 employees who work in the bank’s UK branches will be affected.
There has been a crisis in upholding foreign traders’ money in the EGX and not transferring it, even two years after settling the purchase operations of shares, bonds, and treasury bills of foreigners.