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Latest in Tag: Loans


EGP 1.8bn increase in Barclays Egypt bank loans in 9 months

Clients’ loans in Barclays Egypt increased by EGP 1.8bn during the first nine months of 2015, from EGP 5.3bn in December 2014 to EGP 7.1bn in September 2015, a growth of 34%, according to Mohamed Sherif, member of the bank’s board of directors and director of the financial department. Barclays Egypt achieved an increase in …

Daily News Egypt

ALEXBank registers EGP 724m in net profits

ALEXBank reported a 9.5% growth in net profit in 2014, registering EGP 724m, despite 5% increase in the enacted tax rate, the bank announced last week. The bank noted that actual pre-tax profits reached EGP 1.07bn, up 16.3% compared to 2013 results. The bank’s net income increased by 12.5% year-on-year to reach EGP 2.68bn, which …

Daily News Egypt

NBE’s deposits reach EGP 405bn

The total amount of National Bank of Egypt’s (NBE) loan portfolio has registered EGP 136bn, said Hisham Okasha, General Manager of NBE. Meanwhile, the net loan portfolio of the bank amounted to EGP 129bn, Okasha noted, adding that the current deposits portfolio EGP 405bn. NBE is currently setting a medium-term plan for geographical expansion, which …

Daily News Egypt