Egypt expands Orange Corners to 7 governorates
Egypt is expanding the Orange Corners Egypt programme to support startups, extending its reach to seven…
Browsing Tag
AlexBank
PM: Egypt to offer shares in six key state-owned companies next year
Egypt plans to list shares in five state-owned companies on the stock exchange within the first half of 2025, Prime…
Egypt’s AlexBank, Mastercard team up to boost services
Mastercard has partnered with Egypt’s AlexBank, a member of the Intesa Sanpaolo Group, to support growth, digital…
Intesa Sanpaolo in talks with Egypt gov’t to buy remaining 20% stake in ALEXBANK
Intesa Sanpaolo Group, the leading European bank and owner of 80 percent stake in AlexBank in Egypt, has started…
AlexBank says H1 net profit hit EGP 2.365 billion
Egypt’s AlexBank, part of Italy’s Intesa Sanpaolo, announced on Tuesday that its net profit after tax reached 2.365…
EIB grants Egypt’s AlexBank $15 mln for SMEs green projects
The European Investment Bank (EIB) has released a new installment of the $15 million renewable and efficiency…
Intesa to start talks to buy rest of Egypt’s AlexBank
Italy's biggest bank, Intesa Sanpaolo will start extensive negotiations in the coming few hours to buy the Egyptian…
ABK-Egypt Bank joins Instant Payment Network ‘InstaPay’
Egypt’s Al Ahli Bank of Kuwait (ABK) has joined the InstaPay mobile application, which allow clients to process…
Egypt’s AlexBank pre-tax net profit hits EGP2.1 billion in 9 months
Egypt’s AlexBank has announced on Sunday that its net profits before taxes reached 2.1 billion Egyptian pounds…
AlexBank says first-half net profit after tax hit EGP 1.234 billion
Egypt’s AlexBank, part of Italy’s Intesa Sanpaolo, announced on Monday that its net profit after tax had reached…
AlexBank H1 pre-tax net profit grows to EGP 1.959 billion
Egypt’s AlexBank announced on Monday that it made net profit before tax worth up to 1.959 billion Egyptian pounds…
Suez Canal is infrastructure route for entire world, not just Egypt – ambassador
Italian Ambassador to Cairo Giampaolo Cantini said on Thursday the Suez Canal plays a pivotal role in global trade,…
AlexBank coordinates with partners to tap Suez Canal Economic Zone – official
AlexBank is taking part not just as a financial institution but also as a coordinator with distinguished partners…
Egypt’s AlexBank says 2020 pre-tax profits hit EGP 3.2 billion
Egypt’s AlexBank announced on Tuesday that it made profits before tax worth up to 3.178 billion Egyptian pounds…
Egypt’s AlexBank pre-tax profits at EGP 2.786 bln in nine months
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Tuesday it posted profits before tax worth 2.786…
Saudi Arabia grants EGP100 mln to AlexBank to support Egypt SMEs
The Saudi Grant Management Committee has provided a grant worth 100 million Egyptian pounds to the Bank of…
Intesa Sanpaolo buys back IFC’s $161.8 mn stake in Alexbank
Bank of Alexandria (Alexbank)’s parent, Italian banking group Intesa Sanpaolo, has bought back the International…
AlexBank net profit falls 7.7% year-on-year in Q1
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Monday that its first-quarter net profit fell 7.7…
EBRD, ALEXBANK to boost Egypt SMEs with $100 mln
The European Bank for Reconstruction and Development (EBRD) has signed an agreement with ALEXBANK to support the…
AlexBank first-half net profit grows 6.3%
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Thursday that its first-half net profits rose 6.3…
AlexBank SMEs loans records EGP 3.2 bln in Q1 2019
AlexBank, a member of Italian bank Intesa Sanpaolo, recorded a total Small and medium enterprises loan of 3.2…
Iskan Insurance wins AlexBank’s banker’s blanket bond policy bid
Iskan Insurance won the banker’s blanket bond (BBB) policy bid launched by AlexBank, a member of Italian bank…
Football star Mohamed Salah is official brand ambassador of AlexBank
Egypt’s prolific striker and Liverpool's forward Mohamed Salah has been named the global brand ambassador of…
AlexBank achieves net profit exceeding EGP3bln by the end of 2018
AlexBank, a member of Italian bank Intesa Sanpaolo, a net profit of 3.025 billion Egyptian pounds by the end of…
Three insurers bid for Alexbank’s blanket bond policy
AlexBank, a member of Italian bank Intesa Sanpaolo, has received the technical and financial offers from three…
AlexBank negotiating insurers for banker’s blanket bond policy
AlexBank, a member of Italian bank Intesa Sanpaolo, is speaking to insurers in Egypt about plans to launch its…
Saudi Arabia’s Alhokair fully pays off Egypt mall loan
Marakez, a subsidiary of Saudi mall developer Fawaz Alhokair, has fully paid off a 2 billion Egyptian pound ($111.7…
AlexBank disburses $893k for CSR projects since beginning of 2018
AlexBank, a member of Italian bank Intesa Sanpaolo, says it had disbursed 16 million Egyptian pounds ($893,181) for…
Saudi Arabia’s Alhokair seeks early repayment for Egypt mall loan
Marakez, a subsidiary of Saudi Fawaz Alhokair Group, is in talks with seven banks on paying off around 1.6 billion…
Suez Canal Insurance wins AlexBank $103 mln assets insurance contract
Egyptian composite insurer Suez Canal Insurance (SCI) has won a $102 million tender from AlexBank, a member of…
European Investment Bank, AlexBank sign €20 mln deal for Egypt SMEs
Europe’s largest development bank, the EIB signed on Tuesday a €20 million ($23.3 million) financing agreement with…
AlexBank provides instant money transfer service to Egyptians in Jordan
The Jordan Post Service and AlexBank, a member of Italian bank Intesa Sanpaolo, signed an agreement on Thursday to…
Vodafone Egypt signs deal with AlexBank, eyes cashless future
Vodafone Egypt and AlexBank signed an agreement to increase the variety of transactions available to the…
Vodafone, AlexBank to sign mobile money transfer deal Sunday
Vodafone Egypt is set to sign next Sunday a deal with AlexBank, part of Italian bank Intesa Sanpaolo, to offer…
AlexBank signs MoU to empower Egyptian women via financial inclusion
AlexBank, a member of Italian bank Intesa Sanpaolo, signed Tuesday a memorandum with the National Council for Women…
AlexBank posts 3.1% retail lending growth in six months
Egypt-based AlexBank, a member of Italian bank Intesa Sanpaolo, has made a 3.1 percent loan growth within its…
9 banks to fund Egypt coal power plant via 26.5bn pounds loan
A consortium of nine Egyptian banks has submitted the terms and conditions of arranging a syndicated loan to build…
AlexBank: SME lending hit 3 bln Egyptian pounds at 2016-end
AlexBank, a member of Italian bank Intesa Sanpaolo, says small and medium-sized financing portfolio had recorded 3…
AlexBank launches business passport product to empower Egypt SMEs
AlexBank, a member of Italian bank Intesa Sanpaolo, announced Tuesday the launch of its Business Passport, a…
Dollar vs Egyptian pound at early Sunday interbank in 17 banks
The table below demonstrates the selling and buying prices of U.S. dollar against the Egyptian pound in 17 banks…