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Banks
Finance Ministry Sells 182-, 364-Day T-Bills Worth EGP 6.5 Bln On Thursday
The Egyptian Ministry of Finance sold 182- and 364-day T-bills worth EGP 6.5 billion on Thursday. The Ministry…
Housing & Development Bank Targets Achieving 325.9 Mln Net Profit In 2013
The Housing & Development Bank is expected to achieve net profit of EGP 325.9 million at the end of 2013,…
Faisal Bank’s Finances Fell To EGP 3.21 Bln At End-2012
Faisal Islamic Bank of Egypt’s funds and balances held at the Central Bank of Egypt (CBE) fell 13.3% (EGP 451.6…
CBE Offers US$ 50 Mln To Local Banks At 3rd FX Auction Under Ramez’s Leadership
The Central Bank of Egypt (CBE) has offered US$ 50 million to local banks in its 19th FX auction and the third one…
Fitch May Cut Egypt Rating Again Depending On Election
Egypt is at risk of a further credit rating downgrade if the country does not manage to hold parliamentary…
Crédit Agricole Egypt Reshuffles Board of Directors
Crédit Agricole Egypt has announced a reshuffle of its board of directors. Thierry Simon was appointed a member of…
Local Liquidity Hit EGP 1.147 Trillion End-Nov. 2012: CBE
The Egyptian banking sector’s local liquidity rose by EGP 1.147 trillion at the end of last November, compared with…
Banks’ Investments In T-Bills Rose EGP 11 Bln End-Nov. 2012: CBE
The Egyptian banking sector’s investments in T-bills rose 4.5% (EGP 11.01 billion), registering EGP 254.1 billion…
Egyptian Gulf Bank Joins Consortium Funding El Marakby
The Egyptian Gulf Bank (EGB) has approved to join the banking consortium that arranges EGP 510 million loan for El…
Crédit Agricole Egypt’s Consolidated Profit Hit EGP 470.9 Mln In 2012
Crédit Agricole Egypt achieved consolidated profit of EGP 470.973 million at the end of 2012, compared with EGP…