Bedir added that the two banks held fruitful discussions early this year, and made significant progress on many points.
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Bank’s positive indicators solidify presence in Egyptian market, support local expansion plans: CEO Mohamed Bedir
BLOM Bank Egypt reportedly received takeover offer from First Abu Dhabi Bank
COVID-19 has contributed to changing behaviour patterns of large proportion of banking sector customers, says Mohamed Bedir
Bank Audi – Audi has informed the Ministry of Health of the situation, and highlighted that the adequacy and integrity of the procedures followed and taken by the bank were checked.
CBE gives last chance for conflicting parties to reach solution
Tripartite meeting of CBE’s Legal Advisor, Regional Director, and Legal Affairs Director at NBG Bank to discuss employees’ demands
In May, Bank Audi signed the final acquisition contract of the NBG-Egypt, however sealing the deal currently depends on the approval of both the CBE and Banque Du Liban, the central bank of Lebanon
Bank Audi- Egypt aims to support development of electronic payment system in Egypt by reducing dependency on cash, in addition to promoting financial inclusion: Bedeir
Bank will continue to grow as one of most important banking institutions in Egypt, Middle East: Bedeir
Bank can support its presence among largest financial institutions in Egypt, Middle East, says Bedir
Deal depends on approval of both CBE, Banque Du Liban
Bank Audi plans to expand its footprint in Egypt in 2019. As part of Audi’s nationwide branch expansion plan, nine new branches will be inaugurated in strategic locations mostly outside Greater Cairo to cover more governorates and to reach more diversified segments of customers. Driven by uncompromising mission to offer the best banking services and …
Bank currently offers 12 different Shariah-compliant services through three branches
We expect Egyptian economy in 2018 to witness higher growth rates reaching 4.5-5% more than prior year
Increasing financial inclusion eliminates informal economy, says Fayed
Egypt enjoys a special position in Bank Audi Group, which supports Bank Audi Egypt continuously
Alex Bank and the National Bank of Abu Dhabi will act as account banks
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.
Bank provided loan worth $90m to EEHC for emergency plan to solve electricity crisis in summer of 2015
Individual funding portfolio in Audi Bank in Egypt has reached EGP 2.4bn at the end of December 2014. General Manager of Audi Bank Egypt Mohamed Abbas Fayed said that the volume of small and medium enterprises (SMEs) portfolio has reached EGP 160m, noting that the bank aims to increase the portfolio funding to EGP 400m …
The entities partner up to produce cutting-edge technology that allows consumers to conduct daily transactions from their smartphones