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Banks
Alex Bank’s Micro-Enterprise Finance Hits 110 Mln In September
Alex Bank Intesa Sanpaolo’s micro-enterprise finance portfolio reached EGP 110 million at the end of last…
Egyptian Potash Delays Receiving EGP 688 Mln Loan
The Egyptian Company for Potash and Chemical Industries has delayed receiving the EGP 688 million Islamic…
United Bank Relocates, Barclays Shuts Down 3 Branches On Tahrir March
The United Bank decided to close its downtown branch based in Garden City in preparation for demonstrations to be…
NBE Rejects PBDAC’s Cooperation Protocol On ATMs
The National Bank of Egypt (NBE) has turned down a request submitted by the Principal Bank for Development and…
CBE Exempts Four Banks From Applying Basel II Standards
The Central Bank of Egypt (CBE) announced that four banks working in the country would be exempt from having to…
Egypt’s Tax Rates Below Global Average: World Bank
Egypt’s average total tax rate is well below the world average, according to the 'Paying Taxes 2013' report…
Egypt Adopts Long-Term Expansionary Monetary Policy
The Egyptian Ministry of International Cooperation stated that the Central bank of Egypt (CBE) targets to adopt…
Bank Audi Egypt’s 9-Month Retail Loans Up EGP 334.4 Mln
Bank Audi Egypt’s retail loan portfolio rose by 334.4 million (21.4%) during the first nine months of 2012,…
Qatar Cashes In On Remaining Barclays Warrants
Qatar Holding LLC has cashed in on its remaining warrants in Britain's Barclays Plc, a move that still leaves the…
Standard Chartered Wins Best Consumer Internet Bank Awards
Standard Chartered has been awarded "World's Best Consumer Internet Bank" and "Best Consumer Internet Bank in Asia,…