NBE Eyes 15% Growth in Medium Funding within FY14/15
National Bank of Egypt is targeting growth rates of 15% in its medium enterprises' loans portfolio within fiscal…
Browsing Tag
Banks news
Egypt’s Export Development Bank Eyes 10% Growth in Loans, Deposits in FY15
The Export Development Bank of Egypt (EDBE) targets a 10% growth in its loans and deposits portfolios by next…
Egyptian Gulf Bank Says May Contribute to Mobinil’s EGP1 billion Loan
The Egyptian Gulf Bank (EGB) is considering a contribution of EGP 120 million to Egypt's Mobinil Company's loan.…
KPMG-Hazem Hassan to valuate Egypt’s farm bank ahead of restructure
KPMG Hazem Hassan Consulting will conduct the valuation studies for Egypt's main agricultural bank – Principal Bank…
Egypt’s IDWBE Settles 30% of its Bad Loans
The Industrial Development & Workers Bank of Egypt (IDWBE) has recently settled around 30% of its…
Forex Policies Successful that Could Eliminate Black Market in Egypt – C.bank Governor
The policies of Egypt's central bank are succeeding in restoring stability to the foreign exchange market and…
Egyptian Gulf Bank Eyes Assets Rise to EGP15 billion at end-2016
The Egyptian Gulf Bank (EGB) is targeting an increase in total assets to EGP 15 billion (US$2.1 billion) by the end…
Cairo Traffic Costs Egypt EGP47 Bln a Year: World Bank
Cairo's notorious traffic costs Egypt LE47 billion ($8 billion) every year, or 3.6 percent of its GDP, according to…
Three Banks to Arrange Assiut Oil Refining Co’s $161 million Loan
Three leading banks in Egypt will be arranging a syndicated loan worth $161 million for Assiut Oil Refining Company…
BREAKING: Egypt’s Foreign Reserves Fall to $17.284 bln at end-May
Egypt's foreign reserves fell by US$206 million to US$17.284 billion at the end of May from US$17.489 billion in…