Bahraini Bank ABC finalises acquisition of Blom Bank’s unit in Egypt
The Arab Banking Corporation (Bank ABC) has announced on Wednesday its compilation of the legal merger of its two…
Browsing Tag
Arab Banking Corporation
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…
Bahrain’s Bank ABC names Amr Tharwat as Egypt CEO
Bahrain’s Arab Banking Corporation (Bank ABC) said on Monday it has named Amr Tharwat as new managing director and…
Bahrain’s Bank ABC says Egypt market share tripled with Blom unit takeover
Bahrain’s Arab Banking Corporation (Bank ABC) said on Wednesday its market share and balance sheet in Egypt are…
Shareholders of Blom Bank Egypt agree to sell to Bahrain’s Bank ABC
Shareholders representing about 99.5 percent of the shares of Blom Bank Egypt have accepted the mandatory tender…
First Abu Dhabi Bank to finish due diligence on Bank Audi’s Egyptian unit before year-end
First Abu Dhabi Bank (FAB) plans to complete due diligence and submit a binding offer to acquire Bank Audi’s…
Bahrain’s ABC may sign definitive deal to buy Blom’s Egypt business soon
Bahrain’s Arab Banking Corporation (Bank ABC) are set to sign a definitive purchase agreement soon to buy Blom…
Blom Bank negotiating with Bahrain’s Arab Banking Corp to sell Egyptian unit
Lebanon’s Blom Bank has entered exclusive negotiations with Bahrain’s Arab Banking Corporation (Bank ABC) to…
Redcon to deliver ABC bank’s new Egypt HQ building in Sept.
Egypt-based Redcon Construction Company says it is planning to deliver the Egyptian headquarters of Arab Banking…
Afreximbank, 8 Egyptian banks prep for US$525mn electricity loan
A consortium of eight Egyptian banks in addition to the African Export-Import Bank (Afreximbank) is bracing for…
Arab Banking Corporation eyes EGP250 million Net Profit at 2017-end
Egypt’s Arab Banking Corporation (ABC) is targeting 250 million Egyptian pounds (US$32.7 million) as net profits by…
ABC Egypt Inaugurates New Branch in Alexandria
The Arab Banking Corporation – Egypt (ABC) has inaugurated today a new branch in Alexandria governorate. The bank…
Arab Banking Corporation Says Net Profit Jumps To EGP 28.6 Bln – Q1
Arab Banking Corporation (ABC) has recorded net profit of EGP 28.6 million, by the first quarter of the current…
ABC Egypt Offered EGP 1.26 Bln Credit Facilities For Companies
The Arab Banking Corporation – Egypt’s (ABC) corporate credit facilities portfolio registered EGP 1.26 billion at…
ABC To Increase Loan Portfolio By EGP 1 Bln In 2013
The Arab Banking Corporation-Egypt’s portfolio of loans and credit facilities registered EGP 2 billion, while its…
Arab Banking Corporation Allocates EGP 300 Mln For SMEs
The Arab Banking Corporation-Egypt targets to finance small and medium enterprises (SMEs) in 2013 as it allocated…
ABC Contributes EGP 143 Mln To Credit Facility For Vodafone Egypt
The Arab Banking Corporation Egypt approved to contribute EGP 143 million to the credit facilities for Vodafone…
Arab Banking Corporation Egypt’s 9-Month Net Profit Surges 15.7%
The Arab Banking Corporation Egypt raised its net profit during the first nine months of 2012 by 15.7% (EGP 4.4…
Vodafone Egypt To Secure €30 Mln Loan From 3 Banks
Vodafone Egypt targets to secure a credit facility ranging from €25 million to €30 million in the next few days.…
Arab Banking Corporation To Raise Capital To EGP 700 Mln
Arab Banking Corporation (ABC) targets to raise issued and paid-up capital by EGP 100 million to reach EGP 700…
NBE, EALB, ABC May Settle EGP 115 Mln Debt For Dokki Hospital
The National Bank of Egypt (NBE), the Egyptian Arab Land Bank (EALB) and the Arab Banking Corporation (ABC) plan to…
Standard Bank Closes Debut Syndicated Loan Issue Of $175m Targeted At MidEast Banks
The Standard Bank of South Africa Limited signed a $175m, a 364-day term loan funding on October 4, 2012, in Dubai.…
3 Jordanian Banks Report Higher Profits
Jordan Kuwaiti Bank announced this week that its net profit stood at JD25.6 million in the first half of this year…
Yield On Egypt’s Dollar CDs Rose To US$ 45 Mln:Tarek Amer
The yield on the Egyptian dollar certificates of deposit, in which the National Bank of Egypt (NBE) among seven…
Correction: Concerning ABC Opening Its First Islamic Branch In Cairo
Amwal Al Ghad recently published a wrong story stating that Central Bank of Egypt approval granted to Arab Banking…
Tinawi: Egypt’s Economic Identity is Unclear
Akram Tinawi, chief executive officer and managing director of Arab Banking Corporation-Egypt, stressed on the…
Exclusive: Seven Banks To Launch Dollar Certificates Tomorrow
Official sources informed Amwal Al Ghad that Central Bank of Egypt (CBE) - on behalf of Ministry of Finance –…
NBD& Bank Audi Lead A Consortium To Finance Al-Nouran Sugar Company
A consortium led by National Bank for Development, Bank Audi, Banque Misr and Arab Banking Corporation are set to…
Arab Banking Corporation’s Ratings Affirmed At ‘BBB+’; Outlook Stable
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Arab Banking…
Exclusive: Details of First Egyptian Dollar Certificates Issued in Arab Countries
Official source told Amwal Al Ghad that Central Bank of Egypt (CBE) conducted intensive negotiations - on behalf of…
ABC Posts 19% Profit Growth
Arab Banking Corporation’s (ABC) loan and credit facilities portfolio declined by 6.5% in value to EGP 100 million,…
ABC raises return on 3-year certificates to 11.75%
Arab banking Corporation Bank increased the return on his 3-year certificates reaching 11.75% for monthly return,…
ABC with LE 35 m profit in 2011
Arab Banking Corporation achieved EGP 35.004 million in pre-tax net profit in 2011, compared with EGP 29.417…