Latest in Highlight
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NBE arranged syndicated loans worth EGP 28bn during Q3 2019: Bloomberg
Bank arranged a syndicated loan of EGP 1.7bn for Redcon Construction in cooperation with QNB Al Ahli
Domty signs two loans of EGP 100m, EGP 40m from CIB
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.
47.2% increase in investment loans granted to agricultural sector in 2017/18: CAPMAS
Total loans granted to agricultural projects reach EGP 14.2bn in 2018/18 up from EGP 9.6bn in 2016/17
NBE holds 29% of deposits, 21.2% of retail loans in Egyptian banking sector
Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail loans to EGP 73bn, says Aboul Fotouh
EGP 399bn total corporate finance portfolio, syndicated loans at NBE end of April 2019
Bank arranged 17 syndicated loans in 2018 worth EGP 90bn, won 15 international awards in this field
Attijariwafa Bank-Egypt aims to attract 70 new credit customers with funds exceeding EGP 3bn end 2019
Africa and Development Club gateway for Egyptian exporters to penetrate African markets
NBE’s syndicated loans reach EGP 15bn in 1Q19
Bank ranked first in Egyptian market as bookrunner, agent, marketer of joint loans: Bloomberg
Banks operating in Egypt are strong, safe: CBE
NPLs down to 3.9% of total loans by end-2018
Greece scrambles to clean up banks and bad loans
MSMEDA injects EGP 1.9bn loans, grants in Menoufiya, creating 172,000 jobs
Study discussed to provide more jobs for youth in governorate, revive heritage, handicraft industries
CAPMAS monitors 78% hike in long-term loans to economic bodies in FY 2016/17
Increase in revenues came mainly from energy sector due to rise in international oil prices, pound flotation
Egypt’s New Capital attracts new investments, also locks country into Chinese loans, technology
‘Owner’ of New Capital is ACUD with two shareholders, 51% is NUCA, remaining is army, capital is $10.3bn
2,814 projects benefited from AFESD’s $50m loan
Projects obtained EGP 578m funding, created 12,700 jobs from loan
HDB’s SMEs portfolio amounted to EGP 2.2bn at end June: chairperson
Bank intends to pump EGP 400m to finance SMEs: El-Sebai
NPLs fall to 4.3% of total loans at end June 2018: CBE
Provisions to combat doubtful debts amounted to EGP 109.294bn in H1
QNB ALAhli accounts for 7.93% of total loans, 5.64% of deposits in Egypt
Bank’s LDR amounted to 67%, up from sector’s average of 45%
NBE ranks as first bank in Egypt for syndicated loans: Bloomberg
NBE relies on large capital base, exceeding EGP 98bn, enabling it to inject funds alone, or through banking alliances, says Riad
NBE decreases loans by 14%, finances second-hand vehicles to offset decreased demand
New instalment measures revive car loans’ demand in banks during coming period, according to bankers
NBE participated in arrangement of loans worth EGP 58.5bn in H1 2018
Bank is ranked first in Egyptian banking market in syndicated loans according to Bloomberg’s international assessment
Loans: Who is to blame?
The government borrows money to meet its short- or long-term needs when there is a budget deficit. This is called debt. So, debt is a bill paid by coming generations in cases of obtaining loans for the purpose of narrowing a budget deficit without aiming to finance development projects. Or it may be a bill …
Deposits up EGP 65bn, loans rise EGP 23bn in January 2018: CBE
The volume of deposits at banks operating in the domestic market jumped in January 2018 to EGP 3.39tn from EGP 3.32tn in December 2017, an increase of EGP 65bn, according to the Central Bank of Egypt (CBE). In its recent report, the CBE said that total government deposits increased in January 2018 to about EGP …
HDB targets EGP 8.82bn in deposits, EGP 3.7bn loans portfolio by end-2018
Bank aims to increase profits by 50% to EGP 1.5bn
EGPC negotiates with 5 banks for EGP 4bn loans
The Egyptian General Petroleum Corporation (EGPC) has started negotiations with five local and Arab banks to obtain EGP 4bn in loans to purchase and supply petroleum products. Sources from the EGPC told Daily News Egypt that the banks are Banque Misr, the National Bank of Egypt (NBE), National Bank of Kuwait (NBK), Al Ahli Bank …
QNB Alahli’s loans portfolio reaches EGP 111bn end-March
Bank’s LTD scored 60% in November 2017, versus 44% average across Egyptian banks
NBE arranged 48% of syndicated loans in Egypt, Africa in Q1 2018
NBE first in Egyptian, African banking markets in syndicated loans, Bloomberg says
KfW to provide new loans for SMEDA
SANAD Fund offered $400 m in North Africa, Middle East: Hinz
Banks begin intensive discussions to review interest rates on loans, deposits after CBE cut them
BM considering fate of 17% certificates, other savings vessels, says El-Damaty
Bank loans increase EGP 7.6bn in November
The value of bank loans provided to customers increased to EGP 1.431tn at the end of November 2017, edging up from EGP 1.424tn in October 2017. This marks an increase of EGP 7.6bn, according to the Central Bank of Egypt (CBE). In its monthly bulletin on the banking sector’s performance issued on Thursday, the CBE …
Non-performing loans fell to 4.9% of loans at end-2017: CBE
Banks allocated EGP 109.979bn to face NPLs, including EGP 68.175bn by top 10 banks
Credit Agricole’s personal loans reached EGP 6.165bn in 2017
The value of personal financing at Credit Agricole – Egypt increased to EGP 6.165bn at the end of 2017 compared to EGP 5.393bn in 2016, an increase of EGP 772m. According to a statement by the bank, personal loans accounted for 84.2% of the bank’s total loans, reaching EGP 5.193bn at the end of 2017 …