Al Baraka Bank Egypt Eyes 15% Growth Rates, 5 New Branches in 2014
Al Baraka Bank of Egypt is planning to increase its volume of growth rates by 15% within 2014. Ashraf El Ghamrawy,…
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SAIB Says to Inject EGP1.54 bln in SMEs within 2014
Société Arabe Internationale de Banque (SAIB) is planning to inject new finances worth EGP 1.5 billion in the SMEs…
EALB: NPL Portfolio in Tourism Sector Hits EGP4 bln
The non-performing loan portfolio in the tourism sector accounts for EGP 4 billion, the Egyptian Arab Land Bank…
With Participation of 12 Banks, SAIB Leads Arrangement of EGPC’s EGP2bn Loan
Société Arabe Internationale de Banque (SAIB) has signed on Tuesday the long-awaited agreement to arrange, manage…
United Bank Says Dakahlia Office Was ‘Fully Destroyed’ amid Egypt Deadly Blast
The United Bank’s branch in Egypt’s Nile Delta city of Mansoura in Dakahlia province has been fully destroyed due…
Blom Egypt Joins Banking Consortium in KIMA’s Loan
Blom Bank Egypt has agreed to join the bank consortium to provide the Egyptian Chemical Industries Company (KIMA)…
ALEXBANK is Aiming to Strengthen Leading Position in Egypt Banking Sector in 2014
Building on the numerous achievements of the bank in 2013, ALEXBANK enters 2014 with a macro goal to launch…
Central Bank of Egypt Allows Pound to Weaken Further
Egypt's pound fell on Monday for the third time in a row against the dollar at the central bank's regular auction…
UEEPC Secures EGP285 mln Islamic Finance from Banque Misr
A Sharia-compliant loan agreement worth EGP 285 million between Banque Misr and the Upper Egypt Electricity…
Food Sector Captures Lion’s Share of AUB’s Total Letters of Credit in 2013
During 2013, Ahli United Bank (AUB) has opened letters of credit in the amount of US $ 2 billion in favor of the…