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Money
CBE: Banks Offered EGP 499 Bln Loans By End Of May 2012
The value of loans offered by the banking sector in Egypt for the period from the beginning of July 2011 to May…
CBE: Banks’ NPL Ratio Down To 10.7% In Q1 2012
The Central Bank of Egypt (CBE) has issued a report that revealed that the ratio of non-performing loans accounted…
Vienna Insurance Keeps Outlook After Q2 Pretax Beat
Strong business in emerging European markets helped second-quarter pretax profit at Vienna Insurance Group rise 7.8…
Fitch Affirms QIB’s Rating
Fitch Ratings has affirmed Qatar Islamic Bank’s (QIB) Long-term Issuer Default Rating (IDR) at ‘A’ with a Stable…
HSBC Allocates Over 50% Of Its Dhs1bn International Trade SME Fund In Just Three Months
Over half of a Dhs1bn fund aimed at small and medium sized enterprises has been allocated just three months after…
Bank Denies Connection To Hezbollah
The defunct Lebanese Canadian Bank denied Tuesday U.S. claims that it had any connection to Hezbollah, which…
Egypt To Auction 12 Bln EGP In T-Bills, Bonds
The Central Bank of Egypt said on Tuesday it planned to auction 12 billion Egyptian pounds ($1.98 billion) in…
Egypt Cbank Accepts Repos Worth 10.8 Bln Eg Pounds
Egypt's central bank accepted 10.837 billion Egyptian pounds ($1.78 billion) in seven-day repurchase agreements in…
NBE, Banque Misr Invite Banks To Contribute To Power Plant Loan
The National Bank of Egypt (NBE) and Banque Misr have started inviting banks to contribute to the long-term…
IDBE’s Profit Hit EGP 31 Mln In July 2012
The Industrial Development and Workers Bank of Egypt achieved profit of EGP 3 million at the end of July, raising…