Latest in Tag: Banking Highlight
Latest in Tag: Banking
Recent amendments aim to keep up with the economic conditions and not restrict investors, says EFSA chairperson
The Union of Arab Banks (UAB) will hold a de-Risking Forum entitled “Enhancing the Supervisory and Regulatory Frameworks Related to Correspondent Banking—de-Risking” from 19 to 21 August at the Grand Rotana Hotel in Sharm El-Sheikh. The UAB explained that this forum will shed light on the key challenges that are currently facing Arab and correspondent …
The financial crisis is coming back to roost in Italy after warnings about Banco Monte dei Paschi di Siena’s massive amount of non-performing loans caused Italian banking shares to plumb new depths.
Amer demonstrates with Al-Sisi the CBE’s efforts to support foreign exchange reserves and banks’ role to alleviate foreign currency crisis in the market
Moody’s did not upgrade Egypt’s credit rating, but gave a positive outlook owing to stable short- and medium-term indicators
The CBE should have enough dollar liquidity to control the market, otherwise the dollar exchange will jump commensurately, says Abdel Aal
Funding provided to SMEs, risk management departments, inclusive technology among forum’s principal recommendations
NBE directs approximately EGP 34bn to this sector, or 15% of the bank’s total loans portfolio, says deputy chairman
CIB puts simple conditions on opening accounts for youth to attract them to the banking sector
The overall share of funds to SMEs in the loans portfolios of banks operating in Egypt is 5%, says Dcode report
Regulatory actions taken by CBE s capable of protecting Egyptian banking sector from risks during 2016, says report
Visa, a global payments technology company, announced its partnership with Cairo ICT, the largest communications and information technology conference in Egypt, to showcase how innovation is driving financial inclusion around the world
This is due to his wide experience in managing the monetary policy and the exchange market which he gained during his tenure as deputy governor of the CBE, according to banking leaders in statements to Daily News Egypt.
The loan contract was signed on Thursday by Managing Director of NBK – Egypt, Yasser Hassan, and EBRD Director for Egypt, Philip ter Woort.
El-Etreby added that the FEB has adopted an initiative under the name of “You must have a bank”, with support from the Central Bank of Egypt (CBE)
Study aims to identify the reasons of financial exclusion, as well as to reach a national strategy to apply the concept of financial inclusion, says Mai Abol Naga
Ashmawy concluded his work at the bank on Monday after nine years as Chairman of United Bank, and began his task in managing the “Tahya Masr” account on Tuesday.
Banks should exert more effort to support development instead of focusing on financing budget deficit, says Ezz El-Din Hassanin
Greece’s banking stocks have plunged for the second day in a row, almost reaching the 30 percent daily limit for losses only minutes after trading began. That limit was reached Monday, compounding Athens’ financial woes. The Athens stock exchange’s banking index, which measures the value of Greece’s four largest lenders, dropped 29.2 percent on Tuesday …
EBRD provides QNB Al-Ahli with $40m for trade facilitation
Bank gained half a million new customers in retail banking
$5.75bn in bonds were launched in international markets from September 2005 to 11 June 2015
A further 10 piasters reduced against the US dollar to 7.83EGP
Banque Misr stresses its keenness on contributing to all projects that encourage science, support Egyptian talents and contribute to the development and renaissance of the community.
The fund portfolio for companies at the bank reached EGP 31.4bn by the end of March 2015, a rise of 11.33% compared to December 2014.
Bank is only representative of Greek banks in Egypt after exit of Piraeus
The bank finances more than 22 sectors, primarily in energy, petroleum, communications, construction and food
New account combines money box and “gameaya” (joint fund), with accumulated interests not affected by market changes says bank official
Egypt’s first bank, Banque Misr was established by Talaat Harb
International banking Financial Inclusion Summit 2015 ends in Budapest