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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        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        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        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

Mohamed Hamdy - 2018-03-01 14:16:14
State-run Arab Investment Bank seeks to pump one billion ($407 million) Egyptian pounds in favour of small and medium-sized enterprises (SMEs), head of SME Division announced Thursday. The money will go for around 200 SME clients, Adel Taha – Head of SME Division at AIBK – said. He further noted that the SMEs portfolio has registered 4 billion Egyptian pounds by the end of 2017 representing 40 percent of the total credit portfolio.The bank also seeks to pump 1.8 billion Egyptian pounds in favour of (SMEs) during 2018. In January, Egypt’s central bank launched an initiative to finance SMEs, and obliged banks to provide a minimum of 20 percent of their total loans portfolio to this sector within four years. Moreover, the CBE mandated that banks must submit a comprehensive outline indicating how they will implement the CBE’s recommendation. More»
Amwal Al Ghad English - 2018-03-01 12:42:57
Banque Misr seeks to raise 10 billion Egyptian pounds ($568 million) through selling stakes in four companies and two banks, including Cairo Amman Bank, to boost liquidity, its Vice Chairman, Akef El Maghraby, said. Banque Misr’s stake in Cairo Amman is 10.78 percent, in addition deal is expected to be finalised this year. The bank — Egypt’s second largest state-run lender — looking to sell part of its 100 per cent stake in Banque Du Caire, which the government has targeted for listing on the Egyptian stock exchange, he said. “We expect to finalise the initial public offering of Banque Du Caire in the fourth quarter of 2018 — not before that,” Al Maghraby said, adding that the bank would retain a controlling interest. More»
Amwal Al Ghad English - 2018-02-27 12:28:38
Standard Chartered Bank announced Tuesday that its 2017 underlying pre-tax profit soared to $3.01 billion — handily beating estimates thanks to rising interest rates and efforts to streamline operations. The latest full-year underlying profit by the bank was 175 percent higher than the $1.093 billion posted one year ago in 2016, and better than the $2.978 billion average projection by analysts in a Reuters poll. Stanchart also proposed a full-year dividend of 11 cents, after it stopped doing so in 2016. "The trebling of underlying profits, a strong capital position and emerging regulatory clarity allows us to resume paying dividends," Bill Winters, Stanchart's group chief executive, said in a statement accompanying the earnings announcement. The group chairman, Jose Vinals, said in the same statement that the board "understands the importance of the ordinary dividend to shareholders and intends to increase the full year dividend per share over time." The bank's Hong Kong-listed shares traded 2.7 percent higher at 1:05 p.m. HK/SIN following the release of Stanchart's latest earnings report.Investors had been expecting the bank to resume paying dividends given its better business prospects in 2017. "I think the company can afford at least a symbolic dividend payout ratio of something like 10 U.S. cents per share," Ronald Wan, non-executive chairman at Partners Financial Holdings, told CNBC before the release of the bank's latest earnings. "I think a lot of investors are running out of patience. If we are to continue our investments in Standard Chartered, it has to do something about its dividend policy ... If Standard Chartered cannot resume its dividend policy, a lot of investors would shift to other major banks," Wan added. HSBC is often seen as Stanchart's closest rival as both are banks based in the U.K. but conduct much of their business internationally, with a heavy focus on Asia. HSBC, the largest bank in Europe by assets, announced last week a 141.4 percent jump in reported pre-tax profit to $17.17 billion in the year 2017. Its reported revenue for the year was $51.4 billion, up 7 percent from the previous year. More»
Mohamed Hamdy - 2018-02-26 14:16:41
The Arab Investment Bank would establish a new mortgage company with capital between 50 million Egyptian pounds and 100 million pounds. A source with knowledge told Amwal Al Ghad that the bank is still studying the possibility of establishing the new company especially in regards to the mortgage  sector's current activity after the central bank of Egypt initiative to fund low and middle-income citizens. The bank aims to raise deposits to 32 billion Egyptian pounds by the end of the year, up 30% from 2017, next to an increase of profits of 30%. The bank's loans and credit facilities portfolio has reached 9.6 billion Egyptian pounds by the end of 2017 seeking a growth rate of 50 percent within the current year More»
Amwal Al Ghad English - 2018-02-26 12:17:06
Crédit Agricole Egypt’s net profit increased to 1.957 million Egyptian pounds at the end of 2017. The bank also achieved a 57% return on equity, compared to 51% in 2016. Managing Director Pierre Finas said, “the bank’s ambitious strategy continues to deliver positive performance across all business sectors as well as a strong revenue and profit growth rate at 43.2% during the year 2017. This strategy operates through a balanced and diversified business model across all service sectors, including retail and banking services.” Finas added that balanced performance has had a significant impact on the growth of all revenues, driven by the performance of all the bank’s different business sectors. The banking activities of customers increased in 2017, attracting more than 50,000 new customers and thus expanding the retail customer base. More»