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Banks
NBE opens a new branch in New Cairo City
National Bank of Egypt (NBE) plans to open a new branch in New Cairo City, as part of NBE’s plan to expand across…
CBE Sells 273-Day T-Bills With EGP 4.5 bn
The average yield at an auction on Sunday of Egyptian 273-day treasury bills declined, and the central bank sold…
UAE’s SIB Approves 6% Cash Dividends
Sharjah Islamic Bank (SIB), UAE lender, announced that its General Assembly has approved the Board of Directors'…
El Atrebi : Two-Year Plan To End Nonperforming Files & Provisions Gap
Director of the Egyptian Arab Land Bank, Mohamed El Atrebi, revealed the three main axes of the Bank’s strategy for…
HSBC Issues Almarai First Sukuk for SR1bn
HSBC announced that it has helped arrange the first ever Sukuk program in Saudi Arabia. The program was set up for…
Blom Bank Eyes A 13% Increase In Loans Portfolio
Blom Bank Egypt’s estimated budget shows that it plans to raise deposit and loans portfolio for this year, sources…
Alexbank Offers Microfinance Services In 70 Branches
Alex Bank plans to offer his microfinance services in more branches; to spread over its 70 branches by the end of…
CBE discusses disbursing US$ 408 m yellow remittances
Central Bank of Egypt (CBE) is holding a meeting today with banks participating in disbursing the value of yellow…
Greek banks may not need all of EU/IMF aid
Greek banks hit by the debt swap might not need all the aid allocated by the EU and IMF to help them weather the…
CBE stirs debates over guaranteeing loans to SMEs
Central Bank of Egypt (CBE) is currently studying establishing an institute that will guarantee the loans offered…