Latest in Tag: Banque Misr Highlight
Latest in Tag: Banque Misr
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%
Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank (CIB), and the Banque du Caire have made respective in-kind donations of EGP 10m to the project that will be carried out in cooperation with Cairo Governorate
Banque Misr achieved net profits of EGP 2.51bn after taxes in FY 2013/2014, while the NBE achieved net profits of EGP 3.7bn in the same year
Deputy Minister of Housing and Vice Chairman of SECON Mohamed Essam El-Deen said the Egyptian government intends to support and develop the company’s investments and conduct its expansion plans
Global Finance is based in New York, and is the largest specialised financial publication in the world.
The loan is intended to strengthen the bank’s dollar resources to support it in financing strategic projects, as well as to bolster the country’s foreign exchange reserves.
This springs from the bank’s commitment to promoting economic development and contributing to the development of society by fighting unemployment, increasing the gross domestic product (GDP), and achieving sustainable development.
Bloomberg names the bank as best in promoting syndicated loans and funding projects in Africa
The new branch adds to the bank’s network of over 500 branches
The bank recorded an EGP 56bn increase in its financials in FY 2014/2015
Bank spends more than EGP 19.24bn annually on salaries, transferred by public and private sector companies
Loans will be granted to construction, shipping, electricity, and energy sectors, among others
The list of banks participating in this loan includes ABC-Bahrain, the National Bank of Dubai (NBD), Mashreq Bank, Union National Bank Egypt, and HSBC. Banque Misr has been negotiating with these banks since last June.
Chairman Eletreby and Vice Chairman Abu El Ezz inaugurate new branch in Al-Ain, UAE
Six other banks await a judicial ruling for exemption
Deputy Head of Credit Audit at Banque Misr Tarek Amin said the department is currently considering several proposals for financial leasing.
Banque du Caire attracts EGP 3.3bn and 5 banks to raise interest rates under government protection to investment certificates
Through the fast cash service, loans are provided, with the clients’ savings as a guarantee.
The day started with an increase in the benchmark index but ended with another loss
Both banks attracted liquidity from outside banking sector, dollar selling operations to subscribe in both, says NBE Chairman
Daily News Egypt has learned that the NBE certificates succeeded in attracting about EGP 8bn on Tuesday, increasing the total amount of certificates bought to date to EGP 11.5bn.
Analysts ruled out that the owners of the Suez Canal investment certificates, in the segment of EGP 1,000 and its multiples, would refund these certificates to purchase the ‘Platinum Certificate’ and the ‘Certificate of the Top’ issued by the National Bank of Egypt (NBE) and Banque Misr, which have an interest rate of 0.5% more …
Offering saving certificate with an interest rate of 12.5% increased opportunities to offset part of the losses incurred in the capital market over the past year
The National Bank of Egypt (NBE) and Banque Misr offered, Sunday, savings certificates with an interest rate of of 12.5% per annum, paid monthly.
Intensified meetings in banks to discuss the move’s effects on customer deposits
They surprised banking market with launch of two certificates with annual returns of 12.5%
The step aims at combating dollarisation, and banks issued two similar certificates in 2004, says Analyst