CBE Offers its Last FX Auction for This Week
The Central Bank of Egypt (CBE) has offered today its last foreign exchange auction for this week totaled US$ 40…
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Banks news
Barclays Egypt Eyes 40% Growth in Retail Banking in 2014
Barclays Bank is planning to carry out a new expansion strategy in Egypt’s market in terms of the retail banking…
Housing & Development Bank: Profits Surge to EGP283.4 mln in 9 Months
Egyptian lender Housing and Development Bank (HDB) has reported its consolidated financial results for the first 9…
EGB, SAIB Retreat from Arranging EGP400 mln Tag Sultan Loan
The Egyptian Gulf Bank (EGB) and the Société Arabe Internationale de Banque (SAIB) have decided to back away from…
Deadlock on ECB’s Bank-Crisis Plan in Focus of EU Meeting
European Union finance ministers will try to break a deadlock tomorrow on a euro-area bank-failure authority that…
HSBC Reportedly Considers Floating U.K. Arm
HSBC is considering floating its U.K. arm ahead of new regulation demanding banks ringfence retail banking…
SAIB Pumps EGP200 mln in MAF’s Mall of Egypt Loan
Société Arabe Internationale de Banque (SAIB) has pumped on Sunday EGP 200 million as pursuant to the Dubai-based…
NBE, Egypt’s SFD Sign EGP146 mln Agreement this Month
The National Bank of Egypt (NBE) and Egypt's Social Fund for Development (SFD) will be signing within the current…
UAE Khalifa Fund, Egypt’s SFD Sign $200 mln Agreement
The Khalifa Fund for Enterprise Development ( Khalifa Fund ) and Egypt's Social Fund for Development (SFD) signed a…
EFG-Hermes adjusts CIB FV to EGP35.6/share to incorporate the 1:2 stock dividend
EFG-Hermes adjusted Commercial International Bank’s (COMI.CA) previous FV of EGP 53.4/share downwards to…