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Banks
Bankers Expect CBE To Keep Interest Rates Unchanged Today
The Central Bank of Egypt’s (CBE) Monetary Policy Committee is expected to leave overnight deposit and lending…
Alex Bank Develops 12 Branches, Asks For Islamic Banking License
Alex Bank Intesa Sanpaolo targets to upgrade 12 branches out of its 200 ones in 2013. The bank has not asked the…
Egypt’s Foreign Reserves Rose US$ 1 Bln In April On Libyan Deposit
Egypt’s foreign reserves surged about US$ one billion to reach US$ 14.4 billion at the end of last April, compared…
Alex Bank’s Auto Loans Hit EGP 1.5 Bln At End-April
Alex Bank Intesa Sanpaolo’s auto loan portfolio reached EGP 1.5 billion at the end of last April, accounting for…
Banque Misr, Bank Audi, ADIB Sign Al-Nouran Sugar Loan Conditions Memo
Banque Misr, Bank Audi Egypt and Abu Dhabi Islamic Bank have signed the memorandum of terms and conditions of the…
CBE Offers US$ 40 Mln At 1st FX Auction This Week
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Wednesday at its 54th FX auction and…
NBE In Talks With FinMin, E-Finance To Collect Customs Duties Electronically
The National Bank of Egypt currently conducts negotiations with the Ministry of Finance and E-Finance to collect…
Industrial Development Bank Decides Upon Financing 45,000 Bakeries In 2 Weeks
The Industrial Development and Workers Bank of Egypt has met with officials of the Ministry of Supply to discuss…
Egypt’s Central Bank Accepts EGP 13 Bln At 5th Deposit Auction
The Central Bank of Egypt (CBE) has accepted EGP 13 billion worth of seven-day deposits at a fixed interest rate of…
HSBC Says Q1 Profits Jump To $8.4 Bln As Bad Debts Drop
HSBC said its first quarter profits almost doubled from a year ago to more than $8 billion as bad debts and costs…