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Banks
Suez Canal Bank To Launch Three New Branches In 2013
Suez Canal Bank has received the Central Bank of Egypt’s (CBE) approval to launch three new branches this year to…
Moody’s Downgrades Five Egyptian Banks, Maintains Review
Moody's Investors Service has downgraded the ratings of five Egyptian banks. The affected banks are: --- National…
Export Development Bank’s Assets Rose EGP 14.69 Bln At End-2012
The Export Development Bank of Egypt’s assets surged EGP 1 billion to reach EGP 14.69 billion at the end of last…
Finance Ministry Sold 182-, 357- Day T-Bills Worth EGP 6.5 Bln
The Egyptian Ministry of Finance sold 182- and 357- day T-bills worth EGP 2.5 billion and EGP 4 billion on…
El-Okdah’s FX Auction Reason Behind Dollar Shortage: Ali Fayez
Ali Fayez, former general manager of Federation of Egyptian Banks (FEB), stated that the FX auction mechanism,…
Arab African International Bank receives an International recognition in Sustainability…
In view of strenuous efforts to embed sustainability in its business practices, Arab African International Bank…
EALB’s Corporate Certificates Attract EGP 333 Mln In Two Months
The Egyptian Arab Land Bank’s (EALB) corporate certificates of deposit attracted deposits worth EGP 333 million…
Egypt Likely Not To Receive IMF Loan; Says Former Official
Dr. Fakhry El-Feky, former assistant to the executive director of the International Monetary Fund (IMF), has ruled…
CBE Offers US$ 40 Mln To Local Banks On Thursday
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Thursday so as to address the dollar…
Al Baraka Egypt To Increase Corporate Finances To EGP 8 Bln In 2013
Al Baraka Bank of Egypt targets to raise corporate finance by 15% to reach EGP 8 billion by the end of 2013,…