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NBE, Banque Misr, Banque du Caire will offer three-year certificate to Egyptians living within the country and five-year certificate to those living in Europe
NBE, Banque Misr, Banque du Caire will offer three-year CD to Egyptians living within the country and five-year CD to those living in Europe
Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram said that the bond certificate is a response to calls from Egyptians living abroad to have a high yield bond certificate that can also bolster Egypt’s economy
Certificate will be issued in dollars with three and five-year maturation periods and yields ranging between 3.5% – 5%
The bank invested EGP 1.4bn in projects related to electricity, housing, food industries, says El-Zahid
The card is one of the bank’s many products that aim at achieving financial inclusion, says Chairman El-Zahid
Six other banks await a judicial ruling for exemption
These ratings continue the series of advanced places the bank achieved over the past three years. It won first place in the return on capital ranking in the MENA region in 2013 and 2014.
Bank opened six new branches and banking units, plans to expand in about eight governorates
Clients will also be able to borrow money, and issue credit cards that have a maximum of 80% of the total account balance with facilitated terms.
As economy witnesses improvements, economically important projects in several sectors represent financing opportunities for banks
We should shed light on procedures Egyptian government recently udnertook to attract new investors and provide proper return on investment, says Banque du Caire official
Banque du Caire has continued its organisation of the charities convoy launched three years ago. According to the banks’ Chairman and CEO, Mounir El-Zahid, this year’s convoy was distributed among the governorates of Minya, Fayuom, Giza, Beni Suef, Qena and Luxor. El-Zahid explained that since the convoy was launched in 2013. The bank was keen …
Banque Du Caire has launched new fund programmes, such as the used cars’ loan programme launched this month.
Loan is $521m in total, and will be used in launching power plants of 2015 third emergency plan
Cars possess 5% of the total bank funding for individuals, says Director of Retail Banking Sector
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms
Car loans from Banque du Caire is considered the fastest growing bank product in the Egyptian market, Zahid said
State-owned Banque du Caire aims to finance several projects the government will present in the March Economic Summit, said the bank’s Vice-Chairman Mohamed Taha. Taha said his bank has a large liquidity enabling it to expand in funding national projects, noting the bank will attend the Summit, and will study all proposed projects. In late …
New maximum wage sets wages at 50% less than original wages, resigned NBE official says
Bank provides loans worth EGP 1bn to microenterprises, says Mounir El-Zahed
Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks
The Central Bank launched a mortgage financing initiative in April with EGP 10bn for mortgage financing activities. The funds could be used to finance housing for low- and medium-income individuals with concessionary terms for a period of 20 years.
Central Bank of Egypt increased interest rates by 1% to contain high inflation expected after subsidy decrease and petroleum price increases
The bank is one of several supporting the construction of 10,000 housing units for low- and middle-income Egyptians under a Central Bank of Egypt initiative
The bank signed contracts last week to provide petroleum sector with an EGP 2bn and a $150m loan
Net profits reach EGP 830m
Over the past 9 months, corporate loans increased EGP1.4bn at the Banque du Caire
Experts are unsure of market’s future as increasing instability looms
Gian Pietro Bordignon, the director of WFP in Egypt, spoke to Daily News Egypt about the organisation’s objectives and activities in the country.