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Banks
NBE Starts Offering Musharaka Finance For SMEs
The National Bank of Egypt (NBE) will begin offering Musharaka finance for small and medium enterprises (SMEs)…
Blom Contributes US$ 25 Mln To Loan For Egyptian Ethylene Co.
Blom Bank Egypt has approved to contribute US$ 25 million to the US$ 1.250 billion loan arranged by the National…
ABC To Increase Loan Portfolio By EGP 1 Bln In 2013
The Arab Banking Corporation-Egypt’s portfolio of loans and credit facilities registered EGP 2 billion, while its…
Citigroup To Seek Permission To Buy Back Shares
Citigroup Inc (C.N) is planning to ask regulators for permission to buy back a "minimal" number of shares, the Wall…
Credit Suisse Plans New Asset-Backed Bonus Scheme
Credit Suisse is preparing to offload more risk exposure to staff in its 2012 bonus giveaway but significantly…
HSBC Egypt Stops Online Foreign Currency Service
HSBC Bank Egypt stopped the foreign currency operations through the internet banking service temporarily because of…
Egyptian Banking Sector’s Deposits Hit EGP 1,000,072 Trillion: Hisham Ramez
The value of deposits in both local and foreign currencies held by the Egyptian banking sector rose by EGP 135…
J.P. Morgan May Grab Mkt Share As Others Pull Back
When US banking giant Citigroup Inc moved one of its top bankers, Alberto Verme, to Dubai in 2008, it was a sign of…
Arab Banking Corporation Allocates EGP 300 Mln For SMEs
The Arab Banking Corporation-Egypt targets to finance small and medium enterprises (SMEs) in 2013 as it allocated…
Egypt’s Cabinet To Appoint New Banks’ Leaders Soon: Sources
Banking sources revealed that Egypt’s cabinet will change a number of leaders of state-owned banks such as the…