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Banks
CIB Signs SME Finance Contract Worth EGP 100 Mln With SFD
The Commercial International Bank (CIB) signed today its first contract with the Social Fund for Development (SFD)…
Finance Ministry Cancels CBE’s Great Seal Of Egypt
The Egyptian Ministry of Finance issued a decree to cancel the Great Seal of the Arab Republic of Egypt at the…
Foreign Banks’ Exit From Egypt Increases Egyptian Banks’ Chances: CIB
The exit of foreign banks from the Egyptian market will increase the chances of Egyptian banks to expand in the…
SFD Secures US$45 Mln From European Investment Bank
The Social Fund for Development (SFD) will sign tonight finance contracts worth US$ 45 million with the European…
Egypt’s CIB Says Q3 Net Income Rose 94.5 Pct, Beating Cpnsensus
Commercial International Bank (CIB), Egypt's biggest listed bank, said net income for the third quarter rose 94.5…
SAIB 9-Month Profit Hits US$ 19.6 Mln
Societe Arabe Internationale De Banque (SAIB) reported net profit of US$ 19.652 million in the first nine months of…
HSBC’s Lloyds Deal Okayed
HSBC Bank Middle East Limited said on Tuesday that it received the UAE Central Bank's approval for its acquisition…
IDB Provides €1.27b In Loans For Iran Wastewater Projects
The Islamic Development Bank has allocated €1.27 billion in loans to Iran for implementing a number of wastewater…
Alizz Islamic Bank’s IPO Oversubscribed
alizz islamic bank announced the successful close of its initial public offering (IPO). The RO40.8 million offer…
Suez Canal Bank’s Surplus Profit Hit EGP 124.9 Mln Last September
Suez Canal Bank’s pre-provision surplus profit surged to EGP 124.9 million at the end of last September, compared…