amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Business - Banks

Tammam Nour Elden - 2018-04-25 13:27:34
ABC Bank Egypt says it may contribute $100 million, in cooperation with its parent Bank ABC, to an anticipated joint loan scheme being arranged by HSBC. The loan will go for supporting Egypt’s electricity sector, said ABC Bank Egypt’s chief executive Akram Tinawi on Tuesday. ABC Bank Egypt’s loans and credit facilities fell to 3.9 billion Egyptian pounds ($220.3 million) at the end of 2017, from 4.2 billion pounds, Tinawi said, attributing to the decrease to the bank’s recent focus on funding small and medium-sized industries.
Amwal Al Ghad English - 2018-04-25 11:24:13
The public share offering of Egyptian investment bank CI Capital was covered around 29.5 times at a price of 7.7 Egyptian pounds ($0.43) per share, a bourse filling said on Tuesday. The investment bank seeks to raise 1.7 billion pounds in the initial public offering by selling 41.5 percent of its shares on the Egyptian Exchange. Jefferies International Limited and CI Capital Investment Banking are acting as joint global coordinators and bookrunners on CI Capital’s IPO. Norton Rose Fulbright was tapped as international counsel to the issuer, while White & Case is the underwriters’ counsel. Matouk Bassiouny will serve as local counsel, while Pharos Securities Brokerage and HC Brokerage are acting as placements agents. More»
Fatma Nashaat - 2018-04-24 13:29:54
Egypt's biggest lender, the state-owned National Bank of Egypt has  pumped 3.4 billion Egyptian pounds in the Central bank of Egypt mortgage initiative, Alaa Farouk -head of retail at NBE. He told Amwal Al Ghad that 32.5 thousands clients has benefited from the initiative up until March 2018. Farouk further noted that  NBE plans to pump new loans of 300 million Egyptian pounds as part of CBE initiative by the end of June 2018 so that the total portfolio reached 3.5 billion pounds. During 2014, CBE has launched an initiative worth 10 billion Egyptian pounds (US$1.4 billion) to stimulate the mortgage sector and finance the purchase of housing for earners with low and average incomes.The money will be sent to banks, in the form of deposits, over a period of 20 years at low interest rates. Low-income citizens who qualify to benefit from the programme will be lent the money at yearly interest rate of 7% to 8%. In addition, Four Egyptian banks have signed the biggest financing deal in the history of the country’s housing sector, worth 20 billion Egyptian pounds (US$2.25 billion) on May 2016 in favour of Mortgage Finance Fund to support the social housing scheme. The National Bank of Egypt is the oldest and largest bank in Egypt. It has 338 branches within the country, assets of EGP 366,6 bn., total deposits of 312,7 billion pounds., and total loans and advances of 114,7 billion Pounds As of 2007, the National Bank of Egypt accounted for 23% of the Egyptian banking system's total assets, 25% of total deposits and 25% of total loans and advances. NBE also financed about 24% of Egypt's foreign trade during the year. NBE also accounts for 74% of the credit card market and 40% of the debit cards in Egypt. NBE has a subsidiary in London, National Bank of Egypt (UK), branches in New York and Shanghai, and representative offices in Johannesburg and Dubai. More»
Mohamed Hamdy - 2018-04-24 13:31:17
Bahraini Islamic lender Al Baraka Group is seeking to expand in Indonesia, where investors mostly prefer Shariah-compliant banking products there, an official said Monday. Al Baraka plans to acquire an Indonesian institution to establish the group’s representation in the world’s most populous Muslim nation as well as to expand in the east of Asia region, Al Baraka Group’s chief executive Adnan Yousif told Amwal Al Ghad. “The group has also plans to establish presence in Kenya, Tanzania, and Uganda … since these countries have strong connections with the Gulf,” Yousif said. Al Baraka Group has strong presence in 16 countries, most recently in in Morocco, where it has established five branches and plans to have more up to 37 by 2020. More»
Amwal Al Ghad English - 2018-04-24 07:19:13
Egypt’s Giza Criminal Court on Monday handed down a death sentence to the killer of Abu Dhabi Islamic Bank (ADIB) CEO Nevine Loutfy, who was found dead inside her house in Cairo's 6 October City in 2016. Kareem Saber Abdel-Moty was convicted of premeditated murder, posession of drugs and a blade weapon as well as motor vehicle theft. Monday’s sentence was handed down after Abdel-Moty had received a preliminary death sentence pending a non-binding opinion by Egypt's Grand Mufti in January 2018, nearly two years after he killed the female Egyptian CEO in November 2016. The sentence can still be appealed. Abdel-Moty worked as a security guard for a year and a half in the compound where then-64-year-old Loutfy resided. He left the job a few months carrying out the murder. According to reports on police investigations at the time, Abdel-Moty knew that Loutfy lived alone and he was able to disable surveillance cameras prior to the act. He entered her villa through a bathroom window and found Loutfy awake in her bedroom, leading to a struggle before he stabbed her multiple times. Saber was later apprehended Loutfy's car, iPad, mobile phone and 5,000 dirhams (about EGP 20,000) in his possession. The CEO's shocking death lead Egypt’s bourse to halt trading in shares of the ADIB for ten minutes. Loutfy had extensive finance experience gained in the US, Europe and emerging markets, with primary areas of expertise in local corporate and SME business management, in addition to credit risk and capital management. More»