Ahli United Bank Grants EGP15bn Letters of Credit in 10 Months
In 10 months, Ahli United Bank (AUB) granted an EGP14-15 billion worth of letters of credit to support Egypt’s…
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Egyptian Arab Land Bank Sees Highest Debt Settlement Rate by June-end
The Egyptian Arab Land Bank is expected to set a record by end of the current fiscal year on the rate of debt…
National Bank of Egypt Settles EGP700mn Default Loans for 5 Clients
The National Bank of Egypt (NBE) has recently concluded agreements with a number of distressed clients, to settle…
Banque Misr Beats CIB, Wins Ahly Club’s 10-year Banking Sponsorship
Banque Misr has been awarded to provide the banking sponsorship for El Ahly Sporting Club for further ten years…
Private-sector Banks Registers 84% of Total Loans at End-June – Egypt C.Bank
The private-sector banks have seized 84% of total loans during second quarter ending on 31 March 2014, said the…
Egyptian Gulf Bank Eyes Expanding in Home Gas Delivery Loans
Egyptian Gulf Bank (EGB) plans to expand in granting loans to deliver natural gas to homes across Egypt. According…
Mashreq Offers Egypt Clients to Pay Car Insurance in Installments
As part of Mashreq Egypt's commitment to the Egyptian market and the bank's keenness to provide all that's new and…
Industrial Development Bank Eyes EGP200mn Loans to Support Egypt’s SMEs
The Industrial Development & Workers Bank of Egypt is in ongoing talks with the Egyptian Social Fund for…
An Investment Bank Revives along with Egypt
Many cheered Egypt’s convulsive revolution in 2011 and its aftermath. EFG Hermes, the country’s dominant investment…
Egypt Has Only Begun to Tackle Subsidy Problem, World Bank Says
Egypt has “a long way to go” with an overhaul of its economy before it can regain the confidence of foreign…