amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Universal For Paper and Packag   4.94        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        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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

Sayed Badr & Ahmed El Demerdash - 2017-01-18 14:12:20
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.1 trillion Egyptian pounds ($58.5 billion) following Nov.3 flotation of the local currency, an official in the bank announced Wednesday. NBE’s Deputy Chairman, Yehia Aboul Fotouh further said that NBE’s portfolio of bad loans also rose to 9 billion pounds from 6 billion pounds as the bank had reassessed part of them valued in dollar amid the flotation in November. “The bank has settled 355 million pounds of debts in six months and is studying new debts worth 300 million pound with a firm working in iron industry.” Aboul Fotouh added. More»
Amwal Al Ghad English - 2017-01-18 08:28:11
The African Export-Import Bank (Afreximbank) has announced the inception of new five-year strategic plan that will see the African continental trade finance institution disburse no less than $90 billion in support of African trade between 2017 and 2021. The plan, dubbed “IMPACT 2021: Africa Transformed”, was approved by the Afreximbank Board of Directors during its 111th meeting which took place in Cairo on 10 December 2016. More»
Mohamed Hamdy - 2017-01-17 14:30:22
Crédit Agricole Egypt has confirmed Tuesday requesting a $30 million subordinated loan from the French parent Crédit Agricole bank. The loan is to support Crédit Agricole Egypt’s tier two capital following the Egyptian central bank’s Nov.3rd currency flotation move resulting in depreciation of the Egyptian pound to 18 from 8.88 against dollar. The currency depreciation has directly affected the bank’s capital adequacy standard, Crédit Agricole Egypt added, explaining that part of its risk-weighted assets are in foreign currencies; while 100 percent of its capital base is in Egyptian pound. By end of September 2016, the bank’s capital adequacy ratio has reached 14.85 percent, driving Crédit Agricole Egypt’s shareholders to agree to get the loan from parent bank to support tier two capital and the capital base, so as to agree with the requirements of the Central Bank of Egypt (CBE). More»
Sayed Badr & Ahmed El Demerdash - 2017-01-17 14:27:58
Egypt’s biggest lender, the state-owned National Bank of Egypt says net profits have exceeded 6 billion Egyptian pounds ($319.2 million) during the first half of the current financial year 2016/2017. NBE’s Deputy Chairman, Yehia Aboul Fotouh further said on Sunday that his bank had collected so far $2 billion since the central bank’s Nov. 3rd move to liberalise the Egyptian pound against foreign currencies. “There is not any single pending import payment as the bank provides dollars and needed letters of credits,” Aboul Fotouh added. As for NBE’s high-yielding certificates of deposit launched after the pound floatation, the banking official said his bank has raised around 182 billion pounds. On November 3rd, NBE announced that it would offer 18-month certificates of deposit at 20 percent and three-year certificates of deposit at 16 percent. More»
Amwal Al Ghad English - 2017-01-17 10:57:49
The president of the Asian Development Bank says he is hopeful that the new U.S. administration will not put an end to free trade despite the protectionist views of the incoming president Donald Trump. Speaking at the World Economic forum in Davos, just days before President-elect Donald Trump takes office, Takehiko Nakao told CNBC: "I hope that the United States will continue to protect it because it's also in the interest of America." Trump has pledged to adopt a more protectionist view. He has said that one of his priorities to scrapping a trade deal conducted with Asian-Pacific countries. According to Nakao, free trade has been the key "essence" for the economic success in Asia. "For Asia to continue to grow, it's very important to keep free trade and the investment regime," he told CNBC on Tuesday, mentioning that the current growth forecast for China in 2017 is 6.5 percent. However, Nakao is aware that not every U.S. citizen is satisfied with globalization. "Although we must pay more attention to people who are not benefiting as much as others from globalization," he told CNBC. More»