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Banks
NBE Negotiates With SFD To Secure EGP 90 Mln For NGOs
The National Bank of Egypt (CBE) is in talks with the Social Fund for Development (SFD) to receive EGP 90 million…
SFD Cooperates With 3 Banks To Finance Franchise Projects
The Social Fund for Development (SFD) aims at financing 500 projects through the franchise finance gateway which…
CIB Approves Q1 2013 Financial Results Today
The Commercial International Bank’s (CIB) board of directors meets on Wednesday to approve the financial statements…
NBE’s Credit Card Holders Allowed To Buy Samsung Products In Installments
The National Bank of Egypt (NBE) signed a protocol of cooperation with Samsung Electronics to enable the holders of…
CEO Of Socgen’s Russia Unit Detained: Interior Ministry
The chief executive of French bank Societe Generale's Russian unit, Rosbank, has been detained on suspicion of…
CBE Offers US$ 40 Mln At Wednesday’s FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Wednesday at its second FX auction…
Crédit Agricole Egypt Reports EGP 161.7 Mln Net Profit At End-Q1
Crédit Agricole Egypt’s unconsolidated net profit rose 28% (EGP 35.4 million) to reach EGP 161.7 million at the end…
Egypt’s Central Bank Accepts EGP 12 Bln At Deposit Auction
The Central Bank of Egypt (CBE) has accepted EGP 12 billion worth of seven-day deposits at a fixed interest rate of…
Libya Bank Lending Paralyzed Amid Interest Ban: Islamic Finance
Ali Gumma finally saved enough money to buy a plot of land near Tripoli and was planning to build a family home…
HSBC Signals 14,000 Jobs Cuts In $3 Billion Savings Plan
HSBC Holdings Plc (HSBA), Europe’s largest bank, will eliminate as many as 14,000 jobs as Chief Executive Officer…
