Latest in Tag: Loans Highlight
Latest in Tag: Loans
Agricultural Bank of Egypt grants EGP 31bn in MSME loans during 2020
Bank allocates 70% of loans to agricultural SMEs, says Chairperson Alaa Farouk
Mashreq Bank – Egypt launches ‘Turbo Loan’ for businesspeople, self-employed
New product ensures quick credit approvals within 48 hours, with credit limit of up to EGP 750,000, repayment periods of up to 7 years
Housing and Development Bank records 96% growth in retail loans in 2020
Bank also reports 380% and 20% increase in auto loans and customer deposits, respectively
Tamweely Microfinance, USAID collaborate on offering loans to smallholder farmers
Loans are aimed at smallholder farmers growing horticultural crops
SASME’s loans to agricultural SMEs reach EGP 945m until September
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.
HHD close to acquiring bank loans to finance development plan
Company sees increase in capital, offering bonds convertible to shares to complete upcoming development plan
Egypt, France discuss €1bn Strategic Partnership Agreement
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.
Farmer investment loans decline 2.3% to EGP 13.8bn in FY 2018/19: CAPMAS
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.
Non-performing loans in Egypt’s banks drop to 3.9% end-June
Banks allocate EGP 150.079bn to address doubtful debts, alongside reserves of EGP 319.817bn
Mortgage finance companies likely to provide EGP 3.5bn loans in 2021
Mortgage finance is safe haven for real estate investments in current period, says Abdel Hamid
Private sector holds 61.7% of total bank loans in April: CBE
Total deposits see 14.33% growth in April, compared to 13.9% in March; foreign currencies share fell to 17.01%
Cairo Chamber of Commerce calls for adding commercial, service sectors in CBE’s 5% interest loans
Move is to protect commercial sector and allow it to fulfil obligations
CBE offers 2-year hotel loans with 6-month grace
Government halts administrative distraint on defaulters in tourism sector for one year
HDB pumps EGP 100m for auto loans in two months
Bank to centralise retail credit services, deciding on client’s credit eligibility take no more than 12 hours
Developers demand continuous, unlimited financing mechanism of mortgage loans
Egypt’s Ministry of Housing demanded the provision of logical payment periods for residential units instead of long payment periods.
Tamweely to disburse loans, repay instalments to customers in 4,000 post offices
Six branches of Tamweely in the post offices in Sharqia, Beni Suef, Sohag, and Qena will be inaugurated: Ahmed Khorshid
NBE contracts with Aman Microfinance to automate the disbursement of loans, repayment of instalments to its customers
The Bank offers banking products and services that meet the needs of different customers, says Okasha
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
Plagued by eight exhausting years of financial crisis, millions of Greeks are unable to pay off their loans. But there are also those who don’t want to, as Anthee Carassava reports from Athens.Walk into any Greek bank and ask for a loan, and chances are you'll walk out jilted and empty handed. But not if …
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