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Banks
Banks Arranging Egyptian Potash Loan Sign Terms Sheet
The National Bank for Development (NBD), Bank Audi Egypt and Banque Misr, arranging an EGP 688 million loan for the…
NBE To Launch Pre-Paid Cards Service Next March
The National Bank of Egypt (NBE) will launch “Pre-Paid Cards” service next March which will enable customers to pay…
Industrial Development Bank Negotiates With NBE, CIB Over Foreign Loans
The Industrial Development and Workers Bank of Egypt is currently conducting negotiations with the National Bank of…
CBE Offers US$ 50 Mln To Local Banks On Thursday FX Auction
The Central Bank of Egypt (CBE) offers US$ 50 million to local banks on Thursday at its 16th FX auction, with a…
QNB Gets CBE’s Approval On NSGB Acquisition
The Central Bank of Egypt (CBE) has approved Qatar National Bank (QNB)’s request to acquire the National Société…
Fitch Cuts Egypt’s Long-Term Foreign Currency Issuer Default Rating
Fitch Ratings has downgraded Egypt's Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'B' from…
CBE’s MPC To Hold Last Meeting Headed By Farouk El-Okdah Tomorrow
The Monetary Policy Committee at the Central Bank of Egypt (CBE) holds its first meeting in 2013 next Thursday to…
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…