Al Baraka Bank gets 50mln finance from IFC to support MSMEs in Egypt
The International Finance Corporation (IFC) has granted Al Baraka Bank Egypt a 50 million Murabaha Finance to…
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Al Baraka Bank of Egypt
Egypt’s Al Baraka Bank may borrow $55mln from IFC
Al Baraka Bank is considering borrowing a loan of $55 million from the International Finance Corporation (IFC) to…
Banque Du Caire, 11 Banks Secure EGP3 bn Loan for Petroleum Sector
Banque Du Caire S.A.E. along with 11 banks signed on Monday financing contracts worth EGP3 billion (around $431…
Majid Al Futtaim Disburses 1st Tranche of US$500mn Egypt Loan
Dubai-based developer Majid al Futtaim (MAF) announced on Thursday the disbursal of EGP170 million, worth of the…
Al Baraka Bank Egypt: Profits Surge 22.04% in 2013
Al Baraka Bank of Egypt reported an increase worth EGP 29.9 million or 22.04% in its profits to hit EGP 165.7…
Al Baraka Bank Egypt Eyes 15% Growth Rates, 5 New Branches in 2014
Al Baraka Bank of Egypt is planning to increase its volume of growth rates by 15% within 2014. Ashraf El Ghamrawy,…
SAIB Says to Inject EGP1.54 bln in SMEs within 2014
Société Arabe Internationale de Banque (SAIB) is planning to inject new finances worth EGP 1.5 billion in the SMEs…
With Participation of 12 Banks, SAIB Leads Arrangement of EGPC’s EGP2bn Loan
Société Arabe Internationale de Banque (SAIB) has signed on Tuesday the long-awaited agreement to arrange, manage…
SAIB Pumps EGP200 mln in MAF’s Mall of Egypt Loan
Société Arabe Internationale de Banque (SAIB) has pumped on Sunday EGP 200 million as pursuant to the Dubai-based…
Al Baraka Bank of Egypt Eyes To Inaugurate The 30th Branch This Week
Al Baraka Bank of Egypt is planning to inaugurate a new branch in Nasr City within this week , it is the branch…
Al Baraka Bank of Egypt To Appoint Misr Insurance New Member Representative
Al Baraka Bank of Egypt has approved to appoint Mohy El-Din Ibrahim a representative of Misr Insurance company…
Al Baraka Bank Egypt Eyes First Islamic Credit Card Launch in Q4
Al Baraka Bank of Egypt plans to launch within the fourth quarter of 2013, a new saving scheme represented in…
Al Baraka Egypt Raises Capital To EGP 813.6 Mln
Al Baraka Bank of Egypt’s ordinary general assembly approved its meeting yesterday to increase the bank’s capital…
Al Baraka Egypt To Increase Corporate Finances To EGP 8 Bln In 2013
Al Baraka Bank of Egypt targets to raise corporate finance by 15% to reach EGP 8 billion by the end of 2013,…
Al Baraka Egypt Eyes 20% Profit Increase In 2013
Al Baraka Bank of Egypt targets to raise profits by 20% this year, after achieving profit of EGP 135.7 million at…
Al Baraka Bank Targets to Raise Deposits To EGP 16.5 Bln In 2013
Al Baraka Bank of Egypt targets to increase the deposit portfolio by 15% to reach EGP 16.5 billion by the end of…
Al Baraka Bank Eyes 20% Increase In SME Finances In 2013
Al Baraka Bank of Egypt plans to launch a Musharaka SME Finance program in the next month after the bank signed a…
Al Baraka Bank Launches New Deposit Account Scheme To Attract Dollar Liquidity
Al Baraka Bank of Egypt is set to launch a new savings pool to encourage individuals to transfer their dollar funds…
Al Baraka Bank Egypt’s Net Profit Hit EGP 135 Mln In 2012
Al Baraka Bank of Egypt’s net profit surged to EGP 135.7 million at the end of 2012, compared to EGP 100.1 million…
Al Baraka, Bank Audi Join Consortium Funding El Marakby
Al Baraka Bank of Egypt and Bank Audi Egypt have joined the banking consortium led by the National Bank of Egypt…
Al Baraka Egypt Raises Corporate Finances To EGP 10 Bln In 2013
Al Baraka Bank of Egypt’s corporate finances reached EGP 8 billion at the end of last November, registering an…
Al Baraka To Move All Departments To El-Tagamu El-Khames In 2014
Al Baraka Bank of Egypt targets to move all departments to the new headquarters in El-Tagamu El-Khames (fifth…
Al Baraka Bank Egypt Launches Musharaka For SMEs Next January
Al Baraka Bank of Egypt plans to offer Musharaka finance for small and medium enterprises (SMEs) by next January by…
Al Baraka Bank Egypt Eyes EGP 143 Mln Net Profit In 2013
Al Baraka Bank of Egypt targets to achieve net profit of EGP 143 million in 2013, compared to expected net profit…
Al Baraka Likely To Contribute US$ 30 Mln To Ethylene Loan
Al Baraka Bank of Egypt targets to contribute US$ 30 million to the US$ 1.250 billion loan arranged by the…
Arab Bank, EALB, Al Baraka Contribute EGP 500 Mln To MAF Loan
The Arab Bank, Egyptian Arab Land Bank (EALB) and Al Baraka Bank of Egypt have approved to contribute EGP 500…
National Bank For Development Defers Signing Islamic Loan Contract
The National Bank for Development (NBD) decided to delay the signing of the protocol of the first Islamic…