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UGB registered US$ 1.5 million in net profit for 2011
United Gulf Bank (UGB) achieved a net profit of US$1.5 million for 2011 (for the12 months ended 31 December, 2011),…
SAIB Applies Managerial Changes, And Wrote-off 1.4% Of Its Stock
Société Arabe Internationale de Banque’s board elected Mohamed Naguib Ibrahim as chairman and managing Director,…
EDBE to create “golden fund” with EGP 50 m capital in Q2
The Export Development Bank of Egypt (EDBE) plans to create “golden investment fund” with EGP 50 million capital,…
NBE lends EGP 9 m to 3 insolvent factories in Beni Suef
National Bank of Egypt received three loans applications from 3 insolvent factories in Beni Suef to lend them EGP 9…
IMF advices Cambodia to stop licensing new banks
The National Bank of Cambodia (NBC) was advised not to license new banks to strengthen the supervision and enhance…
RBS to cut costs in Australia
Royal Bank of Scotland (RBS.L) plans to close its Australian fixed income, commodity and currency (FICC) trading…
Britain ends tax avoidance scheme used by Barclays
Britain will end "aggressive tax avoidance" schemes used by banks from the profit they can make buying back their…
IMF approves $4.33 billion loan to Ireland
The International Monetary Fund on Monday approved the payout of a $4.33 billion loan to Ireland, the…
Citigroup economist assesses Eurozone crisis, Egypt
About 120 people attended a November 20 breakfast event with Citigroup’s chief economist, Willem Buiter, at the…
CBE: 10 bn transferred outside Egypt legally
Commenting on El-Ganzouri’s statement in parliament on last Sunday, Central Bank of Egypt (CBE) said the USD 10…
