Al Baraka Bank Egypt names Hazem Hegazy as CEO
Al Baraka Bank Egypt, part of Bahraini Islamic lender Al Baraka Group, said on Tuesday its board had chosen Hazem…
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Ashraf El Ghamrawy
Al Baraka Bank to develop new HQ in Egypt’s new capital: official
Al Baraka Bank Egypt, part of Bahraini Islamic lender Al Baraka Group, plans to build a new headquarters in Egypt’s…
Al Baraka Bank planning new joint financing for power, telecoms projects in Egypt
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, is planning to pump 500 million Egyptian pounds…
Al Baraka Egypt Bank braces for new SME financing product in December
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, says it will be launching this December a new…
Al Baraka Egypt seeks to renew World Bank’s $22.5 mln SMEs financing deal
Al Baraka Bank Egypt seeks to renew its SMEs financing agreement worth 200 million Egyptian pounds ($22.5 million)…
Al Baraka Bank earmarks $112.6 mln for energy, Suez Canal projects in 2016
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, is planning to pump one billion Egyptian pounds…
Al Baraka Egypt secures Islamic Development Bank $5.6mn SME credit line
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, has secured the Islamic Development Bank’s (IDB)…
EXCLUSIVE: Who’s who Egypt bank CEOs likely to leave on 9-year term limit decree
The decision of Egypt's central bank on Thursday to set a 9-year term limit for all banks’ CEOs will force ten of…
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…
Al Baraka Bank Egypt says targets 20% growth in customer deposits
Al Baraka Bank Egypt, part of the Bahraini Al Baraka Group, is targeting a 20 percent growth in customers’ deposits…
Al Baraka Bank Egypt to launch 3-year saving certificates early 2016
Al Baraka Bank – Egypt, part of the Bahraini Al Baraka Group, seeks to offer a new high-yield saving certificate in…
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 secures US$127.8mn for Suez Canal mega projects
Al Baraka Bank – Egypt part of the Bahraini Al Baraka Group, plans to pump one billion Egyptian pounds (US$127.8…
Al Baraka Egypt Income climbs 21%
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group (ABG) and its investment arm in Egypt,…
Al Baraka Bank Egypt plans EGP750 million SME Lending in 2015
Al Baraka Bank Egypt plans to pump EGP 750 million to fund the country’s SME sector within 2015, CEO told Amwal Al…
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…
Al Baraka Bank Egypt to Offer Silver, Bronze Islamic Cards this Month
Al Baraka Bank Egypt is aiming offering Al Baraka Islamic silver and bronze cards within the current month, Ashraf…
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,…
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 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 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 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 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 Egypt Eyes 15% Increase In Deposits
Al Baraka Bank Egypt targets to increase deposits by 15% by the next year, said Ashraf El Ghamrawy, CEO of the…
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 Tawfeek Financial Lease’s Assets Registered EGP 3.2 Bln In August
Al Tawfeek Company for Financial Lease’s assets registered EGP 3.2 billion at the end of last August, up from EGP…
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 Raises Capital By EGP 300 Mln In FY 2012/13
Al Baraka Bank Egypt targets to increase its issued and paid-up capital by EGP 300 million to register EGP one…
Al Baraka Increases SME Finances By EGP500 Mln In FY 2012/13
Al Baraka Islamic Bank - Egypt will inject EGP 500 million into the SME finance portfolio, raising it to EGP 1.5…
Al Baraka, SFD Sign EGP 200 Mln Musharaka Finance Contract
Al Baraka Islamic Bank- Egypt and the Social Fund for Development (SFD) signed a finance contract to offer new and…