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Banks
NSGB Q1 Profit Drops 3.8% On Tax Increase
National Société Générale Bank (NSGB) has reported a dip in profits, missing analysts' estimates after a tax…
Offering EGP 4 Bln Treasury Bills on Saudi’s Announcement about Aid
Ministry of Finance will offer EGP 4 billion ($662 million) of three- and nine-month treasury bills as Saudi Arabia…
Foreign Reserves Increase For The First Time Since 2011
Central Bank of Egypt said foreign reserves rose slightly last month, their first gain since a revolution that…
South Korea Suspends Four Bank
South Korea’s Financial Services Commission said it ordered four mutual savings banks to halt operations for six…
UK Regulator Urges Banks To Treat Customers Better
Britain's financial watchdog warned banks they must start treating customers better by the summer or face…
UAE’s National Bank of Fujairah Arranges AED265 Mln Syndication For Pacific Control…
United Arab Emirates' National Bank of Fujairah (NBF) announced that it has closed an AED265m syndicated loan for…
UAE’s Mashreq Bank Implement EMC Symmetrix VMAX System
Mashreq Bank has consolidated its IT infrastructure onto EMC Symmetrix VMAX, the world's most powerful, trusted and…
NBE Offers EGP 100 Mln To Indebted SMEs
The National Bank of Egypt (NBE) studies offering credit facilities of EGP 100 million to help some indebted SMEs…
U.S. Banks Have Ample Liquidity: Warren Buffett
Warren Buffett, whose Berkshire Hathaway Inc. (BRK/A) has more than $19 billion invested in U.S. banks, said the…
Four Egyptian Banks Disbursed Over 400,000 Yellow Remittances
National Bank of Egypt (NBE), Banque Misr, Alex Bank Intesa Sanpaolo and Arab African International Bank disbursed…
