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Banks
BDAC Negotiates With SFD Over EGP 100 Mln Contract
Bank for Development and Agricultural Credit (BDAC) is negotiating with Social Fund for Development (SFD) over…
Italy’s Monti Suggests Bank Guarantee Plan
Italian Prime Minister Mario Monti took a plan to create a European system to guarantee bank deposits to the G8…
IDBE To Sign EGP 25 Mln Contract With SFD
Industrial Development and Workers Bank of Egypt (IDBE) intends to sign a new contract with Social Fund for…
HSBC Turkey Targets 20% Loan Growth
HSBC Holdings Plc (HSBA)’s Turkish unit will expand loans 20% this year, compared with a growth of 15% to 20%…
AAIB Disbursed 91,000 Yellow Remittances
Arab African International Bank (AAIB) disbursed 91 thousand yellow remittances, with value of EGP 355 million till…
Europe Shall Bailout Spain’s Banks: Hollande
French President Francois Hollande said on Friday Spain's banks should be recapitalized by Europe's bailout funds…
EBRD Approves €1 Bln Fund For N.Africa
European Bank for Reconstruction and Development shareholders agreed a 1 billion euro ($1.27 billion) special fund…
NBE Awarded “Best Retail Bank In Africa”
The National Bank of Egypt (NBE) received the “Best Retail Bank Award” in Africa by the Asian Banker. The…
EAL Bank Sells 25 Chalets For EGP 10 Mln in Ain Sokhna
The Egyptian Arab land Bank (EALB) has sold 25 of 39 chalets in Ain Sokhna for EGP 10 million. The 39 chalets were…
HDB finishes Opera City Compound
Fathy Al Sabai, Chairman of Housing & Development Bank, said his bank has finished the last phase of Opera City…