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Banks
Security Breach Hits MasterCard & Visa Accounts
Payment network operators MasterCard Inc, Visa Inc, American Express Co and Discover Financial Services were hit by…
Indonesia’s Bank Central Asia Net Income Rises 28% As Lending Grows
PT Bank Central Asia (BBCA), Indonesia’s largest financial services company by market value, posted a 27.6 percent…
Jordan’s Housing Bank Distributes 25% as Cash Dividends
The Housing Bank for Trade and Finance (HBTF), Jordanian lender, will distribute 25 per cent in cash dividends this…
HSBC Acquires Lloyds Banking Group Onshore Business In The UAE
Lloyds Banking Group approved to sell its onshore UAE presence to HSBC. This comprises its retail, commercial…
BRICS Eyes A Joint Development Bank
The BRICS group of emerging world powerhouses - Brazil, Russia, India, China and South Africa - is set to outline…
Ramez And Tenawy Replace Shaheen and Al Wakil at FEB
Federation of Egyptian Banks (FEB) announced that Hisham Ramez, deputy chairman of Commercial International bank…
Amer: Banks’ Federation Protected Egypt
Tarek Amer, chairman of Federation of Egyptian Banks, said that the continuous cooperation with banks in Egypt has…
Banque Misr Paid 18,000 Remittances In Four Days
EGP 70.5 million were the total disbursement by Banque Misr in the last four days, which is the value of about…
Dubai Islamic Bank Repays $750mln Bonds
Dubai Islamic Bank has announced the repayment of a $750 million, five-year Islamic bond which matured on March 22…
Debate On Foreign Reserves Retreat to US$ 10.4 bln Next June
Egypt’s foreign reserves will decline from US$ 15.7 billion as reported in Last February to US$ 10.4 billion by…