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…
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Al-Baraka Bank.
Al Baraka bank earnings increase by 20.6% in Q1 of 2023
Al Baraka Bank-Egypt announced on Monday that it has witnessed an increase in its net earnings by 20.6 percent…
U.S. dollar maintains price in Egyptian banks
The US exchange rate against the Egyptian pound maintained its rates within bank dealings on Sunday. According to…
Al Baraka Bank says allocates $127.7 million for Egyptian national projects
Al Baraka Bank Egypt, part of Bahrain’s Al Baraka Group, is allocating this year around one billion Egyptian pounds…
Al Baraka Bank to pump $127.7mn in Egypt SMEs this year: chairman
Al Baraka Bank Egypt, part of Bahrain’s Al Baraka Group (ABG), is planning to pump one billion Egyptian pounds…
IFC, Al Baraka Bank join forces to support Egypt’s trade sector
International Finance Corporation (IFC), a member of the World Bank Group, and Al Baraka Bank, are cooperating to…
Al Baraka Bank: EGP200mn for Biggest Loan in Egypt Banking Sector
Al Baraka Bank Egypt will pump EGP 200 million in one of the biggest loans in the Egyptian banking sector in favour…
Al Baraka Bank eyes 3 Mini Branches, First Presence in Upper Egypt
Al Baraka Bank Egypt is planning to start its first presence in Upper Egypt area through opening a mini branch…
S&P Downgrades Bahrain’s Al Baraka Bank to Junk Status
Bahraini lender Al Baraka has been downgraded to junk status by Standard & Poor's, the only credit rating…
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 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 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…
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…
Al Baraka Banking Group Announces Promotions Among Members Of Executive Management
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced promotions among…
Ayoub Seeks Settling Lakah’s Debt By Offering Lenders Assets In Stella
The Egyptian businessman Ayoub Adly Ayoub has submitted a request to the National Bank of Egypt (NBE), Al Baraka…
Al Baraka Looks Forward To Increase Branches To 30 By 2013
Al Baraka Bank Egypt targets to increase the number of its branches by seven to reach 30 branches after receiving…
Al Baraka To Offer Musharaka Finance For SMEs In November
Al Baraka Bank Egypt targets to expand in financing small and medium enterprises (SMEs) by the beginning of next…
Al Baraka Bank Buys New Headquarters In El Tagamu El Khames
Al Baraka Bank Egypt signed a contract to purchase a new headquarters in Teseen Road in El Tagamu El Khames (fifth…
Al Baraka Targets Raising Retail Banking To EGP 1.6 Bln In 2013
Al Baraka Bank Egypt targets to increase the value of its retail banking portfolio by EGP 600 million to reach EGP…
Al Baraka Bank & SFD to Finance Small Enterprises
In a bid to enhance small enterprises, the Social Fund for Development (SFD) and Al Baraka Bank Egypt have signed a…
ABG Egypt and World Bank to Offer Micro-Finance in Egypt
In line with the Bahrain-based Al Baraka Banking Group’s strategy to enhance the role of its subsidiaries in the…
Al Baraka Egypt Eyes EGP 2 Bln Increase In Deposits In 2012
Al Baraka Bank Egypt targets to increase the value of the deposit portfolio to EGP 15 billion by the end of 2012,…
Al Baraka Bank Egypt’s Net Profit Up To EGP67.8 Mln In H1
Al Baraka Bank Egypt posted net profit of EGP 67.821 million in the first half of 2012, up from EGP 66.446 million…
United Bank Considers Contributing With EGP 25 Mln To East Delta Loan
The United Bank has given a preliminary approval to contribute to the loan worth US$ 120 million arranged by the…
NBD Secures Banks’ Approvals Over Contribution To East Delta Loan
Al Baraka Bank, Faisal Islamic Bank, United Bank, Bank Audi and Banque Misr are among 10 banks that approved to…
Total Operating Income of Al Baraka Bank Pakistan Rises by 177% in 2011
Al Baraka Bank Pakistan Limited, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced a…
Al Baraka Bank Distributes 15% Dividends
Al Baraka Bank Egypt decided to distribute 15% of its paid-up capital as dividends to shareholders after increasing…
Al Baraka Bank Algeria Achieves 18% Growth in 2011 Net Income
Al Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it…
“Takaful” eyes1.5 m from the new products
Egyptian Takaful Insurance Company “Property” targets achieving EGP 1.5 million in installments in the first phase…