amwalalghad :: Banks

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        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        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        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        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        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        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

Amwal Al Ghad English - 2018-02-17 09:56:19
The Central Bank of Egypt lowered interest rates 1% as the inflation rates keeps going downhill, for the first time since the November Flotation. Last Thursday the Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) discussed the interest rates. Last week, Capital Economics expected a 100 BP cut of the overnight deposit rate to 17.75 percent, adding that there is a risk that the Monetary Policy Committee (MPC) will cut rates by more than this percentage. The Capital Economics’ report clarified that meeting MPC’s target should pave the way for the overnight deposit rate to be cut to 13.75 percent by the end of this year, whereas the consensus expects it to fall to 14.5 percent. More»
Amwal Al Ghad English - 2018-02-15 12:59:16
European Bank for Reconstruction and Development (EBRD) has received €38 million in grants from the European Union (EU) to blend with its own investment of €186 million in the extension and upgrade of wastewater services in the Egyptian governorate of Fayoum. The EBRD financing to the Fayoum Water and Wastewater Company is complemented by an EU grant investment grant of €30 million and over €7 million for technical assistance. In addition, the European Investment Bank is providing a loan of €172 million. This investment will bring sanitation services to one million people for the first time, connecting their households to the wastewater network and the wastewater plant. The investment will raise the coverage of sanitation services in rural areas from currently just over 30 per cent to almost 90 per cent. More»
Amwal Al Ghad English - 2018-02-15 09:38:57
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will discuss Thursday the interest rates, amid expectations to gradually decrease the rates in the upcoming months. In December 2017,  CBE has kept its interest rates unchanged, setting the deposit rate and the lending rate at 18.75 percent and 19.75 percent, respectively. The Central Bank of Egypt (CBE) floated the Egyptian pound in November 2016, as part of the government’s broader efforts to reform the business and investment climate in Egypt to attract much-needed investments to the country. More»
Abdelhalim Al Gendy - 2018-02-14 10:48:28
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.364 trillion Egyptian pounds by  the end of 2016-2017, compared to 703 billion pounds a year earlier, an source with knowledge announced Wednesday. The sources told Amwal Al Ghad that the bank has achieved net profits of 13.434 billion pounds in FY 2016-2017 comparing to 12.469 billion pounds a year earlier. On the other hand, the NBE has succeeded in achieving total profits before taxes of 22.525 billion by the end of the financial year 2016- 2017 versus 19.545 billion pounds. NBE’s portfolio of  loans also rose to 376.7 billion pounds from 220.6 billion pounds, the source added. More»
Amwal Al Ghad English - 2018-02-13 11:55:06
Banque Misr received 250 billion Egyptian pounds ($141 billion) from the high-yielding Talaat Harb certificates of deposit it offered for individuals, said vice president of Egypt's second biggest bank Akef el Maghrabi. The tenure of Talaat Harb certificate with a 20 percent interest rate is 18 months recording 190 billion Egyptian pounds, he added. As for the other high-yielding Summit Certificate with a 16-percent interest rate, the official said their revenues are estimated at 60 billion pounds. He also unveiled plans by Egyptian banks to issue new savings certificates with a periodical revenue to some segments of society in implementation of directives of President Abdel Fattah el Sisi. More»