Latest in Tag: Banking Highlight
Latest in Tag: Banking
S&P value total Islamic banking assets in Egypt at around $11.6bn
The report added that total non-government deposits rose during November to reach around EGP 1.115tn, compared to EGP 1.09tn in the previous month.
Reuters – Investment banking fees in the Middle East grew 20% last year, data compiled by Thomson Reuters showed, as capital markets activity continued to recover gradually from the global financial crisis. Total fees rose to $722m in 2013, the highest since 2010, from $603m in 2012 – though they were still only about half …
Rectifying these mistakes costs banks and their customers both time and money and highlights the rapidly increasing compliance costs which lenders in the Middle East and Africa must deal with.
The library covers banking history in Egypt from the early 20th until present day, also providing context of Egyptian history in general.
CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country
This service is provided to bank clients and non-clients alike, at the 200 ATMs dispersed throughout the country, which operate 24 hours a day, 7 days a week.
Business is proceeding as normal within banks, he said, adding that strict security measures had been taken at bank entrances and exits, in order to prevent acts of theft and robbery from taking place at various branches.
By Muhammad Zubair Mughal Apparently, it is a matter of pleasure that global volume of Islamic finance industry has crossed $1.3tn approximately, which is, definitely, providing the best and compatible sources of finance with interest free modes. According to a careful estimate, there are more than 2000 Islamic Financial Institutions offering Islamic Banking, Islamic Insurance …
Bank employees demonstrating to dismiss chairman
Blom Bank Egypt, the Arab Bank, NSGB and CIB among those negotiating with the electronic payment system company
Abdel Shakour: The scarcity of investment channels is the biggest challenge in the insurance market
Betting on their portfolio, Banque du Caire intends to increase car loans portfolio to 40%, CIB to spend EGP 150m by first quarter end
The Central Bank of Egypt (CBE) agreed to plans discussed last week to sell both BNP Paribas and National Société Générale Bank (NSGB)
The goal of the package is to create an environment conducive for Islamic banks to operate
The total number of money paid in salaries for public bank employees rose from EGP 1.5bn in 2003 to EGP 4.7bn in 2010
280 companies have been granted loans with updated registration requirements based on the standards of ITIDA
“Eurozone crisis aggravated by common monetary policy in Europe”
The Arab African International Bank presents new lending solutions that suit customers from different income brackets
By Islam Serour EFG Hermes released the Consolidated Financial Report for the second quarter of 2012. The report concludes that the company’s net income was EGP 27 million on total consolidated revenues worth EGP 477 million, denoting 66 percent decline, in comparison to the same period 2011. Investment Banking revenues account for 41 percent of …
A computer virus in Lebanon is threatening to destroy the country’s banking system, the Lebanese Daily Star reported. The virus, called Gauss, is rare in size and focus. The size of the attack is so large that experts say only a nation-state has the means to create an attack of this sophistication. The attack was …
By Walid Abdelazeem The National Bank of Egypt (NBE) revealed that by the end of 2011, the bank will have financed small and medium enterprises (SMEs) to a total amount of EGP 1.5 billion. Director of SME Finance Department at NBE, Soha Soliman, stated that funding for the SMEs portfolio amounted to EGP 3.3 billion …
Washington (AFP) — Goldman Sachs escaped prosecution over its sales of high-risk mortgage securities Friday when the US Justice Department closed a probe without action despite a damning report on the bank’s practices. Following a two-year inquiry, senators concluded in April 2011 that the Wall Street investment banking giant misled clients ahead of the US …
By WaleedAbd El-Azeem This year Ramadan coincided with academic preparations for the new semester, as students apply for private universities and schools. Banks are trying to seize the opportunity by offering financing solutions for tuition. The United Bank is at the top if the list of banks offering education loans, with an upper limit of …
By Nasser Youssef The government’s expansion of high interest bonds and treasury bills led to a decrease in financing for small and medium sized enterprises (SMEs), the support of which the state claimed to be the primary goal of the post revolution government. The state resorted to the banking system in order to close the …
Slowing economic growth in the United States and Europe’s ongoing sovereign debt crisis have dented growth in China, the world’s largest exporter
It is expected that banks largely invest in construction materials during the coming period
By Mahmoud Salah El-Din Bankers, members of the group Central Accounting Apparatus Observers Against Corruption (CAAOAC), and President Mohamed Morsy will hold a meeting within days in order to discuss corruption in the banking sector. Bankers and members of the CAAOAC will deliver a memorandum to the President that contains a Central Accounting Apparatus’ (CAA) …
Despite what Egypt has been undergoing over the previous year and a half, the country has been successful in fulfilling its monetary obligations towards international lending institutions
Long under scrutiny for allegedly taking part in illegal money transfers, Arab International Bank becomes a recognised entity.