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Banks
Spain Nationalizes Bankia To Overcome Crisis
Hoping to put an end to a four-year banking crisis, Spain's government effectively took over Bankia SA (BKIA.MC),…
QNB Talks To Buy Denizbank Stall
Dexia's planned sale of Turkish unit Denizbank to Qatar National Bank and HSBC is not to proceed until after an…
BM & NBE Lend TICO EGP 324 Mln To Build Garages In Tahrir
Banque Misr and National Bank of Egypt (NBE) to finalize agreement to lend El Tahrir For Garage Investment-TICO EGP…
Faika El Refaie: 2.5% Gap Between The Needed Investments And The Actual Savings
Faika El Refaie, former sub-governor of Central Bank of Egypt, said there are a funding gap of 2.5% between the…
Lebanon’s Bank BEMO Profit Drops 53%
Lebanese Bank BEMO published its unaudited financial statements early this week, reporting a 53.57 percent…
CIB Q1 Net Income Rises 64%
Commercial International Bank (CIB), Egypt's biggest private bank by assets, said on Wednesday that first quarter…
Inflation Rate, External Debt Are Expected To Raise; Former CBE’s Governor
Dr. Mahmoud Abul Eyoun, Professor of Economics at University of Zagazig and Chief Economic & Financial Advisor…
Rania Al-Mashat: Comprehensive Economic Policy Is A Must To Restrain Inflation
Rania Al-Mashat, sub governor and chief of monetary policy division at Central Bank of Egypt, said economic growth…
Foreign Reserves To Rise On Better Economy
Egypt’s prime minister said he expects net international reserves to climb in coming months on the back of…
CBE: RRR Depends On Liquidity
Central Bank of Egypt will use all tools available to meet the liquidity requirements of local banks, said Rania…