NIB Mulls Investing in a New Egyptian ICT Company’s EGP3.5bn Capital
The National Investment Bank is studying to invest in a holding company for managing technological zones, which…
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Banks news
Standard Chartered Operating Profit Falls 16%
Standard Chartered PLC (STAN.LN) on Tuesday said its operating profit fell 16% in the third quarter, partly because…
Sweden’s Central Bank Cuts Benchmark Rate to Zero
Sweden's central bank cut its main interest rate to zero Tuesday, in a bid to boost inflation which has once again…
China’s Bank Lending to Property Sector Moderates
Bank lending to China's property sector continued to grow at a slower pace in the third quarter of the year as the…
Banque Misr Inaugurates its 500th Branch, Highest among Egypt Banks
Banque Misr has recently inaugurated a number of new offices, to eventually own a total number of branches and…
Europe’s Bank Test Celebrations Mask Mounting Challenges
Investors were spared immediate pain on Sunday after the European Central Bank's landmark banking health check did…
Three Greek, One Cyprus Banks Fail ECB Stress Test
Three of Greece's top lenders and Cyprus's biggest bank failed the European Central Bank's health check Sunday, but…
Banque Du Caire Secures EGP500mn Financing Package for Micro Projects
Banque Du Caire will provide soon the Egyptian Social Fund for Development (SFD) a financing package worth 500…
AlexBank Plans EGP400mn Investments into Egypt Market
AlexBank, a member of Intesa Sanpaolo Group, confirmed its optimism about the future of the Egyptian economy due to…
SAIB, SFD to Ink EGP60mn Contract to Fund Small Projects Next Month
Société Arabe Internationale de Banque (SAIB) is set to sign a financing contract next month with the Social Fund…