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Banks
Islamic Banking Expansion Aided By ADB Grant
The Asian Development Bank (ADB) has provided a $750,000 grant to promote Islamic banking in Indonesia, Pakistan,…
Fitch Affirms Suez Canal Bank At ‘BBB(egy)’; Withdraws Ratings
Fitch Ratings has affirmed and simultaneously withdrawn Suez Canal Bank's (CANA) National Long-term Rating at…
Fitch Rates Saudi Arabian Based Alinma Bank ‘A-‘; Outlook Stable
Fitch Ratings has assigned Alinma Bank (Alinma) a Long-term Issuer Default Rating (IDR) of 'A-' with a Stable…
Union National Bank To Launch New Branch In 10th Of Ramadan City
Union National Bank-Egypt targets to launch its first branch in 10th of Ramadan City on December 23rd. A Source…
Ahli United Bank Moves All Departments To El-Tagamu El-Khames
Ahli United Bank has finalized the move of all its departments this week to the new headquarters in El-Tagamu…
Petroleum Ministry Asks NBE, BM To Arrange US$ 2 Bln Loan
The Ministry of Petroleum has submitted an official request to the National Bank of Egypt (NBE) and Banque Misr to…
Fitch Affirms Commercial International Bank At ‘B+’
Fitch Ratings has affirmed Commercial International Bank's (CIB) Long-term Issuer Default Rating (IDR) at…
PBDAC Targets Raising Islamic Deposits To EGP 1.5 Bln In FY 2012/13
The Principal Bank for Development and Agricultural Credit targets to increase the value of Islamic deposits to EGP…
Morsi To Amend CBE’s Statute Within Days
The Egyptian President Mohamed Morsi will issue a presidential decree, after being approved by the Cabinet,…
HSBC To Pay Record $1.9 Billion U.S. Fine In Money Laundering Case
HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused…