Banque Du Caire Granted Letters of Credit worth $2bn in 2013
Banque Du Cairo issued around 11.000 letters of credit totaled US $ 2 billion during 2013 for a number of the…
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CBE Requests EGP60 bln from Banks at 27th Deposit Operations Auction
Egypt’s Central Bank (CBE) is requesting around 60 billion Egyptian pounds of domestic surplus liquidity from local…
Profits Rise 8% at Egypt’s Largest Bank
Egypt's largest bank saw an eight percent rise in its net income in the fiscal year 2012/13 compared to the year…
Banque Du Caire May Increase Misr Petroleum, COOP’s Loan to EGP3 bln
Banque Du Caire is considering to increase a loan designated for the state-owned Misr Petroleum and Petroleum…
AUB: Mortgage Loan Portfolio Hits EGP60 Million at 2013-end
Ahli United Bank S.A.E. (AUB) registered mortgage loan portfolio totaled 60 million Egyptian pounds by the end of…
Egypt’s M2 Money Supply Rose 19.1% Y/Y End-Dec – C.Bank
Egypt's M2 money supply climbed 19.1 percent in the year to the end of December, the central bank said on Thursday.…
CBE: Egypt to Return $3 Billion to Qatar Late 2014
An official source at the Central Bank of Egypt (CBE) said Thursday Egypt will return $3 billion worth of bonds to…
Egyptian Gulf Bank Eyes Increasing Deposits to EGP1bn in 2014
The Egyptian Gulf Bank (EGB) is planning to allure deposits amounting to EGP one billion within 2014, a banking…
Al Baraka Bank Egypt: Profits Surge 22.04% in 2013
Al Baraka Bank of Egypt reported an increase worth EGP 29.9 million or 22.04% in its profits to hit EGP 165.7…
Egyptian Gulf Bank Targets Retail Lending Increase by EGP200mn in 2014
The Egyptian Gulf Bank (EGB) is targeting the increase of retail loan portfolio by EGP 200 million within the…