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Banks
Al Baraka Bank Eyes 20% Increase In SME Finances In 2013
Al Baraka Bank of Egypt plans to launch a Musharaka SME Finance program in the next month after the bank signed a…
Ahli United Bank Egypt Targets To Increase Retail Loans By EGP 150 Mln In 2013
Ahli United Bank - Egypt targets to raise the value of its retail loan portfolio by EGP 150 million to reach EGP…
HSBC’s Oman Unit See Sharp Drop In 2012 Profit
HSBC Bank Oman HBOM.OM, formed last year by a merger of HSBC's Oman unit and Oman International Bank, posted a…
Misr Iran Receives EGP 50 Mln As First Tranche From SFD
Misr Iran Development Bank has received EGP 50 million as the first tranche of the loan agreement that it recently…
Faisal Bank Raised Assets Value To EGP 41.08 Bln In 2012
Faisal Islamic Bank of Egypt’s business volume grew 17% (EGP 5.9 billion) to reach EGP 41.2 billion at the end of…
AAIB’s Credit Portfolio Hit EGP 27 Bln In 2012
The Arab African International Bank’s (AAIB) credit portfolio (direct and indirect loans) reached EGP 27 billion at…
Banque Misr Damietta’s Vehicle Hijacked, Robbed Of EGP 1.2 Mln
Banque Misr Damietta's car was attacked and robbed of EGP 1.200 million by anonymous on Tuesday morning. Four…
Mobinil Loan Arrangers To Send Info Memo To Banks Next Month
The National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), National Société Générale Bank…
CBE Offers US$ 50 Mln To Local Banks On Tuesday FX Auction
The Central Bank of Egypt (CBE) offers US$ 50 million to local banks on Tuesday at its 15th FX auction, bringing…
Sukuk Law Prohibits Selling State’s Fixed Assets: Finance Minister Adviser
Ahmed El Naggar, adviser to the Minister of Finance and the one responsible for sukuk, denied what was said about…