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No current plan for debuting EFG Hermes Finance on stock market: Group’s MD
Recovery from coronavirus crisis could take up to 18 months: Head of Research at EFG
Mortgage finance companies provide funds of EGP 423m in two months
Investors with incomes of up to EGP 2,500 acquired EGP 18m in 171 mortgage contracts during the first two months of 2020. This compared to EGP 90.6m in 861 mortgage contracts in the first two months of 2019.
Mortgage finance increases 46.6% yoy in January: FRA
The FRA said that the value of mortgage refinancing decreased to EGP 14m in January 2020, compared to EGP 101m in the same period last year. This marks an 86% decline.
Finance, Trade ministers sign 31 settlement agreements for late dues for exporters
Export Development Fund spends EGP 291m on 12 companies under stimulating investment initiative
Banks in Egypt inject EGP 144.2bn to finance MSMEs from Dec. 2015 to June 2019: CBE
Service sector received EGP 62.2bn banking funds, while industrial sector got EGP 43.1bn
20 banks finance 254,200 beneficiaries by EGP 24.6bn in CBE’s mortgage finance initiative
8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with 4,800 clients
EFG Hermes Finance intends to rely on financial technology in NBFS
EFG-Hermes Leasing considers new securitisation worth EGP 300-400m in Q4 of 2019
MNHD, AAIB sign EGP 300m loan agreement to finance Sarai project
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
UNIDO allocates $5.6m to finance energy efficiency improvement projects in factories
Allocated financing to be used in solar heating and electric motors
Mashreq Bank – Egypt launches mortgage finance initiative to support low-income groups
Bank continue to participate in CBE initiatives, says El Bahey
Parliament approves Egypt’s largest-ever budget of EGP 1.6tn for FY20
EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn for food and commodities subsidies
Egypt’s budget deficit drops to 5.6% in 10M of FY 2018/19
According to the financial report, the overall deficit declined as a result of the higher growth rate in revenues than the growth rate of expenditures
IFC invests close to $200m in Egypt, eyes opportunities in infrastructure, manufacturing sectors
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market over the last eight months, the IFC Country Manager for Egypt, Libya, and Yemen, Walid Labadi, told Daily News Egypt (DNE). The IFC chose Egypt earlier as a model for its investments in Middle East and Africa. …
CBE sets new controls for mortgage finance initiative for low-income individuals
Mortgage finance will be provided for clients who meet CBE’s conditions
Egypt signs protocol to finance establishing first actuarial life table
Statistics calculate remaining life expectancy for people at different ages, probability of surviving to given age
SMEDA pumped EGP 3.1bn to finance development projects in Assiut: Gamea
MoU signed between SMEDA, Assiut University to qualify graduates to establish, manage small projects
SMEDA, Tahya Misr Fund finance 468 pickup trucks, 1,000 taxis for youth
Supply Ministry uses refrigerated cars to cover citizens’ needs for ration goods in various governorates
SMEDA, NBE sign EGP 400m deal to finance small projects
The deal will benefit 2,288 small projects, offer 6,864 jobs
AIB allocates EGP 100m to finance microprojects: chairperson
Bank injected EGP 80m to finance microprojects through associations, companies
ABE, SMEDA sign EGP 40m deal to finance women projects
60% of deal’s value allocated to women below poverty line
$10m loan to finance MSMEs from SANAD in partnership with Banque du Caire
The SANAD Fund for MSMEs (SANAD) announced, in a press statement on Monday, that it will finance a $10m senior loan to Egypt’s Banque du Caire to support the expansion of the bank’s lending operations for micro, small, and medium enterprises (MSMEs). Banque du Caire, which is Egypt’s sixth largest bank, with its status as …
IFC plans to launch new credit line for banks to finance SMEs in Egypt
Corporation negotiating with major companies in Egypt to increase female labour, says gender specialist
Finance lease contracts rose to EGP 22bn in 10M 2017: FRA report
Real estate, land came on top, followed by automotive sector
Suez Canal Bank plans to break into retail banking, real estate finance, SME financing in its new strategy: chairperson
The bank has established 3 new departments specialised in these activities and is currently preparing its own cadres: Refaei
EFG Hermes Leasing signs joint venture agreement to finance small businesses in Egypt
The agreement comes in line with the government’s focus on SMEs
SMEDA signs 10 contracts with NGOs to finance micro projects worth EGP 12.2m
The contracts will benefit 2,635 in eight governorates, through providing micro-loans up to maximum EGP 10,000, says Gamea
Ministry of Industry to launch Misr Venture Capital to finance troubled factories
Inauguration begins with studying 72 defaulting factories in coordination with Industrial Modernization Centre
Robust economic policies needed to maximise private savings and finance growth in Egypt: World Bank
The research by the World Bank said that trust and internet access are significant to savings behaviour, whereas physical access and distribution of banks do not have an effect on one’s probability of participating in bank savings and/or informal savings
G20 finance chiefs to grapple with tackling tax evasion
Banque Misr injected EGP 869m to finance housing of 10,309 medium and low income clients
The bank injects more than EGP 5bn to finance environment-friendly energy production projects, meets the standards of GRI as the first Egyptian government bank