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HSBC Egypt loan portfolio grew 9% last March, says senior official
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
Plan to attract $1bn of foreign direct investments and global institutions to Egypt
Figures show that there is a 60% increase in the bank’s earnings in Q1 of 2015, compared to the same period in 2014
The number of NBE’s ATM machines reached 1,950 machines, an increase of 415 machine from the previous year.
The QNB group is a leading bank in the Middle East and North Africa region, with acquisitions of almost 45% of the total domestic assets of the banking sector in Qatar.
Local banks will provide financing using pound, not dollar, for Economic Summit projects, says Federation of Egyptian Banks Chairman
Prime Minister suggests the formation of trilateral cooperation
By Ahmed M El-Wahsh Return on Equity (RoE) is an internal performance measure of a bank’s profitability from the shareholder’s point of view, typically measured by the ‘Net Income’ per dollar of ‘Equity Capital’. It is often considered as the most popular measure of performance, as it is easily available to the analysts, proposes a …
Depreciation can happen at a faster pace, the bank says
The National Bank of Egypt (NBE) has aimed to pump EGP 200m to its investment portfolio during 2015, head of the bank’s investment sector Mohamed Ragaa’i announced. Ragaa’i explained that NBE is seeking for the investment portfolio to reach EGP 1.4bn by the end of 2015, compared to EGP 1.2bn by the end of 2014, …
Without social role and ensuring adequate standard of living for individuals, banks’ profits will be badly affected
CBE is set to raise dollar bids worth a total of $160m instead of $120m
It started with the ATMs because they broke many banks’ assumption that their customers transacted all their bank business in their own branch.
Supervision will cover monetary fund money despite antipathy of investment directors
EGP 150m total savings for bank clients with platinum certificates
Economic experts give different reasons for the limited impact of the interest rate hike on the stock market
Daily News Egypt speaks with Omar Baig, Retail Banking Director of Barclays Bank Egypt, the winner of Best Credit Card Product in Africa award for 2014.
25000 clients using credit card in the bank, Verified by Visa (VBV) is safest way to shop online by AAIB, Himanshu Shrimali said
The joint-brand credit card was launched through the “Mileseverywhere” initiative, which offer client new benefits.
Increase of net domestic and foreign assets in banking system contribute to a 11% increase in domestic liquidity, according to central bank report
Bank balances in March rose to EGP 559.444bn as compared to EGP 553.464bn in February and EGP 546.228bn in December of last year.
The bank achieved a rate of return on equity of 19% in comparison with the same period in 2013, in addition to an increase in the rate of return on assets which rose from 2.5% to 3.1%.
HSBC dropped 13 places on the efficiency indicator as its profits declined, whereas Barclays took third place.
Reuters – Lebanon’s Bank Audi reported first-quarter net profit of $85.8m on Sunday, the same level as in the same period a year before. The bank said in a statement its net profit was driven by 12.2% growth in total income but that it had put aside $20.1m of net loan loss provisions. War in …
Net income improves by EGP 958m between 2012 and 2013, marking the first year of positive net income since the Emirati consortium acquisition in 2007.
Reuters – Abu Dhabi government-owned Al Hilal Bank is considering a capital increase this year to support growth of its operations, its chief executive said on Monday. The Islamic lender, owned by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi government, plans to expand its retail and wholesale banking business locally …
Private sector development through support for SMEs is one of the EBRD’s key objectives in Egypt, director says
Reuters – Bahrain’s Al Salam Bank has launched a listed sharia-compliant real estate investment trust (REIT) that will invest in a portfolio of Asian properties, the lender said on Tuesday. The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG, with Al Salam providing seed capital for …
Government continues to rely on local banks to fill funding gap in the absence of foreign investment, the international rating agency says