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Piraeus Bank Egypt’s Losses 48.6% Down In 9 Months
Piraeus Bank Egypt’s losses dropped by 48.6% during the first nine months of 2012 to reach EGP 94.2 million at the…
Banque Misr Offers Egyptian Steel Group EGP 275 Mln Bridge Loan
Banque Misr has approved to provide Egyptian Steel Group, owned by the Egyptian businessman Ahmed Abu Hashima, a…
Ali Shaker To Leave EGB, El-Atreby May Be Next CEO: Sources
News were circulated yesterday that both Ali Shaker, CEO of Egyptian Gulf Bank (EGB), and Saeed Zaki, member of the…
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,…