NBE bank secures 12 bln pounds for Egypt’s SME projects
Egypt’s biggest lender, the state-owned National Bank of Egypt says it has pumped 12 billion Egyptian pounds ($675…
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Banque Misr studies debt to land swap deal with Arab Contractors’ unit
Egypt’s second largest bank, state-owned Banque Misr is studying reaching a debt swap deal with one of Arab…
HSBC says H1 pre-tax profit falls 40% in Egypt
HSBC Plc says first-half profit before tax in Egypt has dropped 40 percent from a year ago to record $143 million.…
BNP Paribas: First goals of Egypt economic reform plan have been met
A recent research note released by BNP Paribas said the first goals of Egypt’s economy reform plan have been met,…
Bejing may be hurting its own banks by forcing them to drop risky assets
As banks in China release their financial report cards this month, investors can expect clearer signs on how well…
AlexBank posts 3.1% retail lending growth in six months
Egypt-based AlexBank, a member of Italian bank Intesa Sanpaolo, has made a 3.1 percent loan growth within its…
Raya IT to sign data centre capacity deal with 4 Egyptian banks this year
Egypt’s Raya Information Technology, a subsidiary of Raya Holding, is planning this year to enter into a…
Al Baraka Bank Egypt H1 net profit rises 23.7%
Al Baraka Bank Egypt, part of the Bahraini Al Baraka Group, said on Tuesday its first half net profit rose 23.7…
EALB bank eyes debt settlement deals of 750mn Egyptian pounds this year
The state-run Egyptian Arab Land Bank (EALB) plans to reach settlement deals with troubled clients for debts worth…
Moody’s: Qatar’s banks face a deteriorating situation as Gulf blockade…
Moody's Investors Service cut on Tuesday the outlook for Qatar's banking system to negative from stable amid a…