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Limited banking operations mostly in public banks, in Sudan, Uganda, Ethiopia, Libya
US dollar projected to strengthen to EGP 9.5, leading formal and informal markets to bond
Shrinking bank investment in investment funds, lowering maximum level of loans’ amounts can be granted for one customer, directing them toward SMEs
The bank recorded a loans portfolio of $2.6bn for projects in Africa by the end of 2014
Clients’ loans in Barclays Egypt increased by EGP 1.8bn during the first nine months of 2015, from EGP 5.3bn in December 2014 to EGP 7.1bn in September 2015, a growth of 34%, according to Mohamed Sherif, member of the bank’s board of directors and director of the financial department. Barclays Egypt achieved an increase in …
Loans to be received in pounds and repaid in dollars; we are awaiting a reply within two days, says Tourism Investment Association head
Accepting cash deposits is a step to restore growth rates in Egyptian exports in various markets and sectors, says Qabil
According to CBE, the total deposits growth rate of banks in July was about 18.5%. The growth rate of deposits in EGP amounted to about 19.5%, while the growth rate of foreign currency was 14.1%.
Bank’s net profits jump 55.7% in H1 compared to same period in preceding year
The United Bank of Egypt plans to grant 100 awards to its clients who hold the MasterCard “Rakhaa”, considered to be the first credit card which meets Shari’a provisions in Egypt. According to the bank’s Chairman of the Board of Directors, Mohamed Ashmawy, the award will be given to those who use the card for …
The CBE added that the household sector acquired EGP 75.9bn out of the total deposits of banks’ customers in April, where its deposits registered EGP 1076.371bn during that month compared to EGP 1062.607bn during March.
The federation also includes four representatives OF real estate companies affiliated to the banks
“We work under the umbrella of the CBE and our clients did not make any withdrawals,” says bank official
Egypt’s first bank, Banque Misr was established by Talaat Harb
Misr El Kheir Foundation, 57357 Hospital, Magdy Yacoub Heart Foundation acquire biggest share of donations
First general assembly will be held, board of directors elected Thursday
Bank plans to establish company with an initial capital of EGP 5m
The bank has 420 units under financing in 10th of Ramadan City provided by MFF, says Taha
Falcon Group held a press conference last week, where it presented its work in securing the universities during the last academic year.
Loan will be directed to pay part of EGPC’s dues
According to a bank statement, 8,000 employees out of 48,000 employees who work in the bank’s UK branches will be affected.
The figures compare to a surplus of $2.2bn during the same period of FY 2013/2014
United Bank branches will increase to 62, to cover all the governorates
There are abundant opportunities across Egyptian market, says Chairman
Market witnessed competition in attracting foreign currency savings, according analysts
The private sector acquired 80.8% out of the total loan balances
Significant rise witnessed in loans and deposits in Egypt’s banking sector in March