Latest in Highlight
The funding was given to 11,179 beneficiaries, all of whom are small- and medium-sized enterprises (SMEs) working in the agricultural sector. A total of 1,295 guarantees amounting to about EGP 1.3bn has also been provided. The programme benefits 34 sectors across 22 governorates.
Company sees increase in capital, offering bonds convertible to shares to complete upcoming development plan
Present at the meeting with the minister were France’s Ambassador to Egypt, Stephan Rometet, Director of the Agence Française de Développement (AFD) Fabio Grazi, and Director of Business France Michel Olenberg.
In its annual bulletin of agricultural sector cooperative activity in FY 2018/19, published on Tuesday, CAPMAS indicated that short-term loans reached EGP 6.2bn. The figure reflected a decrease of 19.9% compared to EGP 7.7bn in FY 2017/18, due to a 24.8% decrease in livestock loans.
Banks allocate EGP 150.079bn to address doubtful debts, alongside reserves of EGP 319.817bn
Mortgage finance is safe haven for real estate investments in current period, says Abdel Hamid
Total deposits see 14.33% growth in April, compared to 13.9% in March; foreign currencies share fell to 17.01%
Move is to protect commercial sector and allow it to fulfil obligations
Government halts administrative distraint on defaulters in tourism sector for one year
Bank to centralise retail credit services, deciding on client’s credit eligibility take no more than 12 hours
Egypt’s Ministry of Housing demanded the provision of logical payment periods for residential units instead of long payment periods.
Six branches of Tamweely in the post offices in Sharqia, Beni Suef, Sohag, and Qena will be inaugurated: Ahmed Khorshid
The Bank offers banking products and services that meet the needs of different customers, says Okasha
Bank arranged a syndicated loan of EGP 1.7bn for Redcon Construction in cooperation with QNB Al Ahli
The production capacity of the new line will be 270,000 pieces a day. Scheduled to start operation in February 2020, the new line will be Domty’s third bakery production line.
Total loans granted to agricultural projects reach EGP 14.2bn in 2018/18 up from EGP 9.6bn in 2016/17
Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail loans to EGP 73bn, says Aboul Fotouh
Bank arranged 17 syndicated loans in 2018 worth EGP 90bn, won 15 international awards in this field
Africa and Development Club gateway for Egyptian exporters to penetrate African markets
Bank ranked first in Egyptian market as bookrunner, agent, marketer of joint loans: Bloomberg
NPLs down to 3.9% of total loans by end-2018
Study discussed to provide more jobs for youth in governorate, revive heritage, handicraft industries
Increase in revenues came mainly from energy sector due to rise in international oil prices, pound flotation
‘Owner’ of New Capital is ACUD with two shareholders, 51% is NUCA, remaining is army, capital is $10.3bn
Projects obtained EGP 578m funding, created 12,700 jobs from loan
Bank intends to pump EGP 400m to finance SMEs: El-Sebai
Provisions to combat doubtful debts amounted to EGP 109.294bn in H1
Bank’s LDR amounted to 67%, up from sector’s average of 45%
NBE relies on large capital base, exceeding EGP 98bn, enabling it to inject funds alone, or through banking alliances, says Riad