Latest in Banking Highlight
Latest in Banking
CBE continues pumping dollar liquidity to cover banks customers’ foreign currency demands
The CBE granted the banks $98.6 in an auction launched Sunday
Cash reserves fall by $1bn in May: CBE
Government works to attract investments of between $6bn-$8bn by the end of 2015 to push reserves growth
12 new United Bank branches in 18 months: Mohamed Ashmawi
United Bank branches will increase to 62, to cover all the governorates
CIB receives 5 international awards in 1H of 2015
There are abundant opportunities across Egyptian market, says Chairman
CBE controls importers’ manipulations
Banks activate automated “Model 4” to determine real importing demands
NBE donated EGP 930m in last 5 years: Hisham Okasha
National Bank of Egypt offered EGP 210m to develop slums and fight poverty
CBE to investigate future of interest rates
The market expects MPC to fix both loan and deposit rates
Mechanisation of public wages to stimulate economy: Visa Egypt director
Around 6.5 public employees will be offered this service
13.9% growth rate of banks’ foreign deposits during March: CBE
Market witnessed competition in attracting foreign currency savings, according analysts
EGP 23.3bn increase in bank loans in March: CBE
The private sector acquired 80.8% out of the total loan balances
Economic recovery positively impacts banks’ performance
Significant rise witnessed in loans and deposits in Egypt’s banking sector in March
Widening ABC’s client base is top of my priorities: New chairman
By Hossam Mounir In his first announcement as the new Regional Manager of the Treasury Department for Egypt, Jordan, Tunisia and Algeria, at the Arab Banking Corporation (ABC), Mohamed Taha told Daily News Egypt that increasing the number of ABC’s clients his top priority. Taha started his duties with ABC on Monday, two months after …
GDP to grow 5.6% annually between 2020 and 2030: HSBC
Oil contribution to exports to drop to 14% by 2030, electronics exports may rise at 11% per annum during next 15 years
HSBC considering financing Egyptian projects: Amr Bahey
HSBC Egypt loan portfolio grew 9% last March, says senior official
NBAD-Egypt represents 8% of bank’s total activities
Bank targets activating brokerage in commerce between the east and west for development
Blom Bank Egypt to open 5 new mini-branches in 2015: CEO
Bank considering participation in massive projects in Egypt, whether directly or through syndications, says Ozalp
NBAD managing $1.5bn bonds for Egyptian government: CEO
NBAD prepared five-year plan to promote its shares in Egypt, will play important role in Egyptian economy in upcoming period
Banque Du Caire grants $60m to Egyptian Electricity Holding Company
Loan is $521m in total, and will be used in launching power plants of 2015 third emergency plan
20% expected growth in 2014-2015 revenues: Banque Misr Chairman
Bank is launching lease company and 15 new branches for Islamic services, says Eletreby
NBAD to hold ‘Egypt on the Rise’ conference
The conference aims to discuss steps needed to encourage foreign direct investments in the country
ABK acquires Piraeus-Egypt for $150m
Al Ahli Bank of Kuwait acquires 98.5% of Piraeus Bank – Egypt shares
NBE’s pre-tax net profit grows 25% in 1H FY 2014/2015
The bank has pumped EGP 3.5bn into SMEs sector
Global banking is HSBC’s priority in Egypt: Blanchet
HSBC launched in April its second International Growth Fund, worth EGP 300m, to support SMEs
NBE aims for 10% growth in all bank indicators: Okasha
Deposits portfolio at $11bn for foreign currencies by the end of March
5-year plan to increase market share to 5%, targeted fund portfolio by year-end: Atef El Dib
Q1 revenues at EGP 33m and 11 new branches within 2 years after the approval of the Central Bank of Egypt
CIB bank of the year ,Union National Bank Egypt the fastest growing : Business News index
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
Standard & Poor’s positive outlook on Egypt reflects well on investment: Economist
Agency raised Egypt’s economic outlook from stable to positive, affirming long- and short-term foreign and local currency sovereign credit ratings at ‘B-/B’
CIB records 47% revenue increase, 38% net profit increase in Q1
Bank said growth was driven by increase in non-interest income on increased trade finance, foreign exchange volumes and capital gains from investments
CBE, EFSA cooperate for financial education programme
The proportion of Egyptians dealing with banks is 10%, says EBI executive director
Piraeus Egypt has highest retail banking portfolio growth for 2014
The slowdown rate in Piraeus Bank-Egypt’s credit portfolio has declined, according to Retail Director Iman El-Essawy. She added that a plan, strategy, and new programme for credit have been prepared, which were approved by the mother company in Greece, and new loans were also offered to citizens. El-Essawy said that the growth of the retail …