amwalalghad :: Banks

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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

Amwal Al Ghad English - 2017-04-30 08:25:17
Commercial International Bank Egypt (CIB) announced the official launch of its Mobile Banking application, packed with the latest features that revolutionise its customers’ banking experience. “The mobile device has become an essential part of our lives, as it has become a tool for customers to interact with and acquire their goods and services. Therefore, it has become an imperative for financial service providers, such as CIB Egypt, to bring the bank to the customer,” said Mohamed Farag, CIB Egypt chief digital officer and head of global transaction services. Farag added that as people’s lives become busier, they will not only rely on their smartphones and mobile devices, but will demand an easy and intuitive customer experience that will help them reach their goal in the least amount of time, as they are on the move or while sitting from the comfort of their homes 24 hours around the clock. More»
Amwal Al Ghad English - 2017-04-29 14:33:48
The African Export-Import Bank (Afreximbank) has provided Egypt’s largest public lender National Bank of Egypt (NBE) with a $300 million financing facility to support the country’s industrialisation efforts. Benedict Oramah, President of Afreximbank, and Hesham Okasha, Chairman of NBE, signed the facility agreement for the Industrialization Support Facility in Cairo on April 27. The facility will support Egypt Egypt’s small and medium-size enterprises (SMEs) initiative, launched by President Abdel Fattah al-Sisi in 2016 to provide EGP 5 billion in loans to medium-sized companies in the industrial and agricultural sectors, Oramah said. “As SMEs are major employers of labour in any economy, we expect this facility to boost employment and overall welfare of the Egyptian people.” Afreximbank’s chairman added. Being a hard currency facility, the facility would make it possible for beneficiaries to access essential investment goods from the international market to improve their competitiveness, he said. Granting of the facility demonstrated Afreximbank’s commitment to the Egyptian economy and reflected the confidence of the Egyptian authorities in the Afreximbank as a key financing partner, Oramah noted. According to the statement released on Saturday, since inception in 1993, Afreximbank had approved credit facilities totaling $13.8 billion to Egyptian entities, representing 33.7 percent of the total facilities approved by the bank. Over the same period, the bank confirmed and issued guarantees and letters of credit exceeding $2 billion on behalf of Egyptian entities. Afreximbank currently has an outstanding credit portfolio of about $4.2 billion for Egypt, Oramah said. In February last year, the Central Bank of Egypt (CBE) signed a $500 million trade finance facility agreement with Afreximbank to allow Egyptian importers to buy strategic and key industrial products. The agreement was part of a $3.5 billion financing programme approved by Afreximbank in December “aimed at enabling the bank’s member-countries to adjust to current adverse economic shocks, especially commodity price and terrorism-induced ones,” the bank said. More»
Mohamed Hamdy - 2017-04-29 12:00:21
Egypt’s second largest bank, state-owned Banque Misr is planning further expansion but this time in Africa by inaugurating three representative offices in the coming two years. The bank seeks to set up the representative offices in Somalia, Kenya, and Côte d’Ivoire in the coming two years, Banque Misr’s vice chairman Akef El Maghraby told Amwal Al Ghad on Saturday. The new expansion comes in line with the Egyptian government’s national plan to boost trade exchange and promote exports to the African markets, El Maghraby noted. Banque Misr has recently opened its representative office in China in Guangzhou city, aiming to help promote trade and financial activities between the two countries. More»
Amwal Al Ghad English - 2017-04-27 17:00:14
The European Central Bank (ECB) held on Thursday its benchmark interest rate at zero percent as President Mario Draghi suggested downside risks to the bloc's economy had diminished and its economic recovery picked up pace. The ECB chief repeated his warning from previous meetings that risks remained tilted towards the downside, however, said these same risks were now less severe given the euro zone's economic expansion. "Incoming data since our meeting in early March confirm that the cyclical recovery of the euro area economy is becoming increasingly solid and that downside risks have further diminished," Draghi said in his opening statement to reporters in Frankfurt on Thursday. The ECB left its monetary policy unchanged Thursday and also stuck with its monthly rate of asset purchases until at least the end of the year. Europe's central bank is set to proceed with a monthly pace of quantitative easing (QE) bond purchases of 60 billion euros ($65.5 billion). More»
Amwal Al Ghad English - 2017-04-27 13:44:13
Egyptian parliament has approved Thursday an African Development Bank’s (AfDB) grant worth around 11 million Egyptian pounds ($607,739) designated to restructure the country’s state-run social lender Nasser Social Bank. Under the terms of the grant deal signed earlier in February, the Nasser Social Bank (NSB) will get a finance of 11 million Egyptian pounds as a first stage to improve its financial performance. The bank was founded in 1971 and targets underprivileged Egyptians. The bank is under the aegis of the Ministry of Social Solidarity. According to the deal, the African bank will be directed to improve the financial performance of the bank through better credit management and improved work systems. NSB’s restructure plan aimed to develop and diversify the bank’s products and services to help achieve financial inclusion for the poor eventually. More»