Browsing Category
Banks
CIB’s Non-Performing Loans Accounted For 3.97% Of Total Lending In Q1
The Commercial International Bank (CIB) has allocated provisions worth EGP 266 million in the first quarter of…
Jpmorgan Investors On Edge Over Vote On Dimon; What If They Win?
As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of…
Egypt’s Govt. Says Banks Negligent In Financing Industrial Projects
The Egyptian government aims to settle financial and legal disputes between companies and factories on one side and…
Finance Ministry Sells EGP 900 Mln T-Bonds
The Egyptian Ministry of Finance raised EGP 900 million in treasury bonds, while it sought to sell 3-, and 7-year…
NBE Encourages Hotels To Shift To Green Energy: Zazou
The Egyptian Minister of Tourism, Hesham Zazou, has discussed with the National Bank of Egypt (NBE) the possible…
NBE Allocates EGP 1 Bln For Industrial Pollution Abatement Project Phase III
The National Bank of Egypt (NBE) has allocated EGP one billion to the third phase of the industrial pollution…
CIB Signs EGP 100 Mln Deal With SFD To Finance Micro-enterprises
The Commercial International Bank (CIB) has signed a finance contract worth EGP 100 million with the Social Fund…
Egypt’s Central Bank Offers US$ 40 Mln At Monday’s FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks at its first forex auction this week.…
Morgan Stanley Sells India Wealth Management Unit
Morgan Stanley MS +2.48% Monday said it is selling its Indian wealth management business to Standard…
Egyptian Banking Officials Protest New Loan Loss Provision Tax
A recent decision by Egypt's Shura Council to amend banking regulations increasing the tax burden on the nation's…
