Latest in Tag: Loans Highlight

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Latest in Tag: Loans

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 …

Ahmed Ezz

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 …

Hossam Mounir

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 …

Mohamed Farag

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 …

Daily News Egypt

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 …

Daily News Egypt

How to get a personal loan from the NBG – Egypt

Are you planning your wedding? Do you need to make improvements to your home? Do you need a long-awaited vacation? If you wish for one of those things and do not have sufficient liquidity to cover your needs, the National Bank of Greece – Egypt (NBG) offers you a personal finance programme to meet all …

Daily News Egypt

EGP 255m total approved loans for raising calves: agriculture minister

Minister of Agriculture and Land Reclamation Abdel Moneim El Banna said that the total amount of loans approved for beneficiaries of the National Project for Fattening Veal Revival has so far reached about EGP 255m, to raise about 33,000 calves. El Banna said that all the necessary reviews have been conducted to approve beneficiaries’ access …

Daily News Egypt

Private sector loans from banks amounted to EGP 1.058tn

The volume of loans obtained by the private sector from banks increased by EGP 7bn in September 2017 to reach EGP 1.058tn compared to EGP 1.051tn in August 2017, according to the CBE. The bank explained that the total credit balances of banks operating in the Egyptian market rose during September by EGP 13bn to …

Daily News Egypt