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Banks
Arab International Bank To Start Dealing In Egypt Pound In H2
The Arab International Bank (AIB) is in the final organizational stages to start conducting transactions in…
Abu Dhabi Islamic Bank – Egypt Announces Q1 2013 Financial Results
The Q1 financial results for Abu Dhabi Islamic Bank – Egypt (ADIB – Egypt- Previously the National Bank for…
Housing & Development Bank Contributes EGP 300 Mln To Mobinil Loan
Housing and Development Bank (HDB) has approved to contribute EGP 300 million to the EGP 2.9 billion loan arranged…
Egypt’s Central Bank Offers US$ 40 Mln At Last FX Auction This Week
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks at its 55th FX auction and the 39th…
Bankers Expect CBE To Keep Interest Rates Unchanged Today
The Central Bank of Egypt’s (CBE) Monetary Policy Committee is expected to leave overnight deposit and lending…
Alex Bank Develops 12 Branches, Asks For Islamic Banking License
Alex Bank Intesa Sanpaolo targets to upgrade 12 branches out of its 200 ones in 2013. The bank has not asked the…
Egypt’s Foreign Reserves Rose US$ 1 Bln In April On Libyan Deposit
Egypt’s foreign reserves surged about US$ one billion to reach US$ 14.4 billion at the end of last April, compared…
Alex Bank’s Auto Loans Hit EGP 1.5 Bln At End-April
Alex Bank Intesa Sanpaolo’s auto loan portfolio reached EGP 1.5 billion at the end of last April, accounting for…
Banque Misr, Bank Audi, ADIB Sign Al-Nouran Sugar Loan Conditions Memo
Banque Misr, Bank Audi Egypt and Abu Dhabi Islamic Bank have signed the memorandum of terms and conditions of the…
CBE Offers US$ 40 Mln At 1st FX Auction This Week
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Wednesday at its 54th FX auction and…
