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Money
ABC with LE 35 m profit in 2011
Arab Banking Corporation achieved EGP 35.004 million in pre-tax net profit in 2011, compared with EGP 29.417…
Fitch: the slowing fall of Egypt FX reserves is “encouraging”
The slowing pace of the fall in Egyptian foreign exchange reserves in February is encouraging, but the continuing…
NBD Retail registered EGP 1.6 billion in 2011
National Bank for Development’s (NBD) retail banking finance portfolio rose by 25.2%, in value to EGP 400 million,…
“Takaful” eyes1.5 m from the new products
Egyptian Takaful Insurance Company “Property” targets achieving EGP 1.5 million in installments in the first phase…
ECB deposits register new record
Banks' overnight deposits with the European Central Bank hit a new record Friday in the wake of the central bank's…
Credit Suisse to buy back hybrid debt, meeting new rules
Credit Suisse Group AG (CSGN), Switzerland’s second-biggest bank, offered to repurchase 4 billion Swiss francs…
Emirates NBD integrating Dubai Bank’s ATMs into its network
National Bank of Dubai announced that it has successfully completed the first phase of integrating Dubai Bank's…
Commerzbank to increase capital by $1 billion for new shares
Commerzbank AG (CBK), Germany’s second- biggest bank, will boost core Tier 1 capital by €776 million ($1.02…
Egyptians in Saudi Arabia celebrate “dollar certificates”
Egyptians living in Saudi Arabia celebrate the new dollar certificates of deposit for Egyptians living abroad,…
Blom Bank’s deposits post a 10% increase in 2011
Tarek Metwally, assistant managing director and CEO of Blom Bank, said that the 2011 Bank’s initial results showed…