Egypt’s FRA grants new non-banking finance licences
Egypt’s Financial Regulatory Authority (FRA) has approved new licences for four companies in the non-banking…
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Bank of Alexandria
Egypt’s Local Development Fund backs 2,000 small, micro projects in FY2024/25
Egypt’s Ministry of Local Development financed 2,047 small and micro projects through its Local Development Fund…
Moody’s reveres outlook of 5 Egyptian banks’ to positive
Moody's Ratings affirmed ratings and assessments for five Egyptian banks and reversed their outlook from negative…
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…
Moody’s assigns Counterparty Risk Assessments to five Egyptian Banks
Moody's Investors Service assigned Tuesday counterparty risk assessments (CR Assessments) to five Egyptian banks.…
Moody’s upgrades Deposit Ratings of Five Egyptian Banks
International credit ratings agency Moody's upgraded Friday the local currency (LC) deposit ratings of five…
Moody’s Changes Outlook to ‘Stable’ for Five Egyptian Banks
Moody's Investors Service ("Moody's") has today affirmed and changed to stable from negative the outlook on the…
Fawry Ink Mobile Payment Service Contracts with AlexBank and Audi Bank
Fawry, Egypt's leading nationwide Electronic Bill Presentment and Payment (EBPP), signed two contracts with two…
AlexBank Contributes EGP13mn to FEB’s Initiative to Support Egypt Economy
AlexBank will contribute 13 million Egyptian pounds to support the Arab country's economy and carry out a number of…
AlexBank Won’t Contribute to ‘Long Live Egypt’ Fund – CEO
AlexBank, a member of Intesa Sanpaolo Group, will not contribute to 'Long Live Egypt' fund, CEO Roberto Vercelli…
Retail Loans Invade AlexBank, Is Intesa ‘Serious’ about Funding Plans in…
After being institutions' lender, is AlexBank turning into a retail bank? During first quarter, Bank of Alexandria…
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…
In AlexBank, 20 Key Employees’ Monthly Salaries Hit EGP2.5 million
Despite a 3.9% fall in first quarter net profits and being a 20% owned by Egyptian government, Bank of Alexandria…
ALEXBANK appoints new Chief Executive Officer
ALEXBANK, a subsidiary of the Intesa Sanpaolo Group, announced in a press release on Sunday the appointment of…
National Bank of Egypt Ranked Best Dealer of Government Securities
The National Bank of Egypt (NBE) tops the list as the best bank dealing with treasury bills and bonds. Egyptian…
Fawry-Egypt Provides E-Bill Services for UAE Market within 4thQ of 2014
Fawry Electronic Bill Services is aiming to enter UAE market within the last quarter of the ongoing year. Eng.…
Mobinil Signs EGP2.36 billion Syndicated Loan with 8 Banks
The Egyptian Company for Mobile Services – Mobinil (EMOB.CA) announced on Thursday it signed a syndicated loan…
Bank of Alexandria, IFC Ink Agreement to Finance Foreign Trade
Bank of Alexandria ( Bank Of Intesa Sanpaolo Group ) signed an agreement with the International Finance…
Vodafone Egypt Oks Banking Consortium’s Offer for EGP4 bln Loan
Vodafone Egypt approved on consortium agreement for seven banks operating in the Egyptian market in order to…
Vodafone Egypt Calls 7 Banks to Arrange Loan with EGP4 bln
Vodafone Egypt called seven banks operating in the domestic market in order to obtain EGP4 billion loan. An…
Bank of Alexandria: Profits Fall 2.2% in 9 Months
The Bank of Alexandria (BOA), one of the largest banks in Egypt, reported a decline in its 9-month profits by 2.2%…
Fawry Expands Abroad Egypt by Early-2014
Fawry Electronic Bill service is planning to expand abroad Egypt through launching e-payments services in other…
Investment Minister Says Government Eyes FDI Stimulus
The Egyptian Investment Minister, Osama Saleh said in a keynote speech at Euromoney’s 19th Annual Conference Cairo…
ABA Seeks to Raise NSGB’s Credit Facilities to EGP50 mln
Alexandria Business Association (ABA) is planning to increase the amount of the periodic credit facilities granted…
Capital Intelligence Lowers Bank of Alexandria’s FCR to B-
Capital Intelligence (CI), the international credit rating agency, had lowered Bank of Alexandria (BoA)'s Long-Term…
Alex Bank Says Profits Hit EGP349 mln by H1/2013
Alex Bank Intesa Sanpaolo reported profits totaled EGP 349.3 million by the first half of 2013, compared to…
Moody’s Downgrades Egypt’s Bank Of Alexandria; Negative Outlook
Moody's Investors Service downgraded Egypt's Bank of Alexandria's (BALX) local-currency deposit rating for one…
Banks Extend Closing Branches in Egypt’s Tahrir Sq to 3rd Day
The banks' branches located in Egypt's Tahrir Square decided to remain closed for fear of a potential violence that…
Moody’s Downgrades Five Egyptian Banks, Maintains Review
Moody's Investors Service has downgraded the ratings of five Egyptian banks. The affected banks are: --- National…
Citadel Capital’s ANCC Hosts New Minya Governor
The new Governor of Minya, Dr. Moustafa Kamel Eissa visited ASEC Cement’s US$ 360 million, 2.0 MPTA greenfield…
CPAS Develops 3 Of Alexbank Branches
The Center for Planning and Architectural Studies (CPAS) contracted Bank of Alexandria to manage a development…
Alexbank’s case postponed to May 19
Administrative Court, headed by counsellor Hassouna Tawfik, has delayed today the case claiming that Alexbank sale…
Bank of Alexandria to introduce Islamic retail banking products, if CBE approves
By Mohamed Hamdy Bank of Alexandria (Bank Of Intesa Sanpaolo Group) demanded an approval from the Central Bank of…