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Banks
AAIB Disbursed 92% Of Yellow Remittances
The Arab African International Bank (AAIB) disbursed 114,000 yellow remittances worth EGP 435 million, while the…
Banks Sold Egyptian Dollar CDs Worth US$ 160 Mln In 7 Months
The yield on Egyptian dollar certificate of deposit launched by the National Bank of Egypt, Banque Misr, National…
Arab Banking Corporation To Raise Capital To EGP 700 Mln
Arab Banking Corporation (ABC) targets to raise issued and paid-up capital by EGP 100 million to reach EGP 700…
NBE Receives 3rd Tranche For Industrial Pollution Control Next May
The National Bank of Egypt (NBE) targets to sign the third tranche agreements of the Industrial pollution control…
S&P Cuts 3 Egyptian Banks To ‘B-/C’ After Sovereign Action
The rating actions on NBE, BM, and CIB follow our lowering of the long-term ratings on the Arab Republic of Egypt…
NBE In Talks With World Bank, European Banks To Borrow US$ 200 Mln
The National Bank of Egypt (NBE) currently conducts negotiations with the World Bank and European banks to receive…
Banque Du Caire Pays EGP 500 Mln Taxes In 2012
Banque Du Caire will pay about EGP 500 million taxes in 2012 as the bank achieved good profits in the current year,…
Al Baraka Egypt Raises Corporate Finances To EGP 10 Bln In 2013
Al Baraka Bank of Egypt’s corporate finances reached EGP 8 billion at the end of last November, registering an…
Hisham Ramez Rejects CBE’s Governor Post
Hisham Ramez, vice chairman of Commercial International Bank (CIB), has turned down an offer to be Governor of the…
Banque Du Caire’s Loans Surge To 20.4 Bln In Q3
Banque Du Caire’s loan portfolio rose by about EGP 1.2 billion in Q3 of this year, registering EGP 20.422 billion,…