Beltone, Others Seek Stake in Egypt’s EFG Hermes -Sources
Beltone Financial and a group of investors including Egyptian billionaire Naguib Sawiris are seeking to acquire a…
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France Says Mooted BNP Paribas’ $10 Billion U.S. Fine As ‘Unreasonable’
France's foreign minister said on Tuesday his country would defend the interests of bank BNP Paribas after sources…
Exclusive – No Maximum Daily Withdrawal Limits on EGP Deposits; C.bank Chief
Egyptian central bank's Governor Hisham Ramez has refuted on Monday reports that Ministry of finance recently…
NBE, Banque Misr Join AAIB in Arranging Palm Hills’ EGP2.6bn Loan
The National Bank of Egypt and Banque Misr decided to join the banking consortium for Palm Hills Development's EGP…
Egypt Leaves Key Interest Rates Unchanged – Central Bank
Egypt's Central Bank decided to keep key interest rates unchanged on Thursday, a day after ex-army chief Abdel…
Bank Audi Egypt Says Q1 Net Profit Retreats to EGP111.4 million
Bank Audi – Egypt, a member of Lebanon’s Audi Saradar Group, reported a fall in net profit for the first quarter of…
National Bank of Egypt Eyes Compliance with US FATCA, Inks Pact with PwC
Aiming to comply with the Foreign Account Tax Compliance Act (FATCA)'s terms, National Bank of Egypt (NBE) signed…
Egypt’s FinMin to Decide on NIB’s Capital Increase within 2 Weeks
Egypt's Finance Ministry will make its decision within the next two weeks on the capital increase of the National…
Faisal Islamic Bank’s Net Profit Falls to EGP172.3 million in Q1
Faisal Islamic Bank of Egypt reported on Wednesday its first quarter results, showing a decline in net profit by…
CIB Egypt Approves EGP550 million Loan for Madinet Nasr Housing
Commercial International Bank – Egypt (CIB) approved to grant the Egyptian Madinet Nasr for Housing &…