Asia banks’ bad debt pile highest since global financial crisis
Bad debts at Asian banks have jumped to their highest since the global financial crisis and the trend will likely…
Browsing Tag
bad debts
AlexBank Writes off NPLs worth EGP116 million in Q1
Bank of Alexandria has written off non-performing loans (NPLs) worth around EGP 116.7 million during the first…
NBE’s NPLs Up To EGP 6.5 Bln As Dollar Hikes
The National Bank of Egypt’s (NBE) non-performing loan portfolio registered EGP 6.5 billion at the end of last…
NBE To Sign Debt Settlement Agreement With Food Industries Company
The National Bank of Egypt (NBE) has approved signing debt settlement agreement with a food industries company…
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…
AAIB’s Real Estate Assets Portfolio Hit EGP 8 Mln In September
The Arab African International Bank’s (AAIB) portfolio of real estate assets registered EGP 8 million at the end of…
IDBE Settled EGP 500 Mln Debts In 9 Months
The Industrial Development and Workers Bank of Egypt agreed to settle debts of 100 defaulting customers who owe the…
NBE Provides Tourism Company With EGP 120 Mln Credit Facilities
The National Bank of Egypt (NBE) approved to offer credit facilities worth EGP 120 million for a tourism company to…
EALB Settled EGP 280 Bad Debts In July, August
The Egyptian Arab Land Bank (EALB) settled non-performing loans worth EGP 280 million during July and August with a…
NBE Received EGP 262 Mln Non-Recoverable Loans In FY 2011/12
The National Bank of Egypt (NBE) succeeded in collecting about EGP one billion of the non-performing loans, of…
Bank for Agricultural Credit’s NPLs Register EGP 1.1 Bln
The Principal Bank for Development and Agricultural Credit’s non-performing loans of the investment and…
CBE: Banks’ NPL Ratio Down To 10.7% In Q1 2012
The Central Bank of Egypt (CBE) has issued a report that revealed that the ratio of non-performing loans accounted…
IDBE’s Profit Hit EGP 31 Mln In July 2012
The Industrial Development and Workers Bank of Egypt achieved profit of EGP 3 million at the end of July, raising…
EDBE’s Real Estate Assets Portfolio Hits EGP 1 Bln
The Export Development Bank of Egypt’s (EDBE) real estate assets portfolio, that was acquired by the bank after…
NBE In Talks With Three Customers Over Settling EGP 1 Bln Debts
The National Bank of Egypt (NBE) negotiates with three customers working in tourism sector over settling debts of…
EALB: Real Estate Assets Portfolio Register EGP 5 Mln
The Arab African International Bank’s (AAIB) real estate portfolio registered EGP 5 million, the value of 4 villas,…
NBE Targets Settling EGP 600 Mln Bad Debts In FY 2012/13
The National Bank of Egypt (NBE) targets to settle bad debts of EGP 600 million in FY 2012/2013 in order reduce its…
NBE Wrote Off EGP 12 Bln Debts In Four Years
The National Bank of Egypt (NBE) has written off debts of EGP 12 billion for the period from 2008 to the end of the…
EALB Injects EGP 500 Mln To Individual Loans Portfolio In FY 2012/13
The Egyptian Arab Land Bank (EALB) targets to inject EGP 500 million to its individual loans portfolio, raising it…
NBE To Sign Debt Settlement Contract With Imac For Paper Manufacturing This Week
The National Bank of Egypt (NBE) has prepared the final settlement agreements the bank will sign by the end of this…
SCIA, NBE to Restructure EGP 200 Mln Bad Debts
The Sadat City Investors Association (SCIA) and the National Bank of Egypt (NBE) agreed last week on a plan to…
EALB Settled EGP 800 Mln Bad Debts In FY 2012/13
The Egyptian Arab Land Bank (EALB) has settled bad debts worth EGP 800 million in FY 2011/2012. The bank settled…
IDBE Settles EGP 425 Mln Bad Debts For 80 Customers
Industrial Development and Workers Bank of Egypt has settled EGP 425 million worth of debts for 80 ailing customers…