CBE Requests EGP45 bln at 35th Auction of Deposit Operation
Egypt’s Central Bank (CBE) is requesting on Tuesday around 45 billion Egyptian pounds of domestic surplus liquidity…
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United Bank Eyes new EGP50 million Contract with SFD Egypt
Egyptian lender United Bank S.A.E is currently in talks with Egypt-based Social Fund for Development (SFD) over a…
National Bank of Egypt Secures EGP3 bln for CBE Housing Initiative
The state-owned National Bank of Egypt (NBE) decided to participate in the Central Bank’s (CBE) mortgage finance…
HSBC Bank Oman Appoints Andrew Long Chief Executive
HSBC Bank Oman, Oman's fourth-largest lender by assets, said on Tuesday it had appointed Andrew Long as chief…
Private Equity Firm Actis Reduces Stake in Egypt’s CIB
Private equity firm Actis has reduced its holding in Commercial International Bank (CIB) , Egypt's biggest listed…
NBE’s Contribution for SMEs Hit EGP10.6 billion at February-end
State-owned National Bank of Egypt (NBE)’s total lending for the small and medium-sized sector hit EGP10.6 billion…
CBE Rebuts Receiving Requests for Islamic Banking Licences
Egypt’s Central Bank has not received any recent requests from local banks for a licence to provide…
EFG-Hermes Swing to Normalized 4Q2013 Profit
EFG Hermes (HRHO.CA) reported today its financial results for the fourth quarter and full year 2013. The firm…
Egyptian Economy Expected to Strengthen Gradually in 2014-16: HSBC
In a Recent report, HSBC Global Connections, stated that the Egyptian economy is expected to strengthen gradually…
Bank of England May Broaden Islamic Liquidity Tools
The Bank of England is studying ways to increase the number of sharia-compliant assets that Islamic financial…