Moody’s Demotes 15 Major Banks
The credit ratings agency Moody's has downgraded 15 global banks and financial institutions. The UK banks…
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Banks news
Tarek Amer: Mubarak’s Verdict a Success For Jan 25 Revolt
Tarek Amer, president of FEB and NBE, said the verdict on the former president is one of the greatest achievements…
IMF Chief calls on Greeks to ‘Help them by Paying Taxes’
International Monetary Fund (IMF) chief Christine Lagarde says that all austerity-hit Greeks should help to improve…
EAL Bank Sells 25 Chalets For EGP 10 Mln in Ain Sokhna
The Egyptian Arab land Bank (EALB) has sold 25 of 39 chalets in Ain Sokhna for EGP 10 million. The 39 chalets were…
HDB finishes Opera City Compound
Fathy Al Sabai, Chairman of Housing & Development Bank, said his bank has finished the last phase of Opera City…
CIB Studies Participation in “KIMA” Loan with $75 mln
Heba Abdel Latif, Director Head of Structured Finance in CIB, said bank studies participating with $ 75 million in…
JPMorgan loses $2bn trading loss on investments
JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of at least $2bn (£1.2bn) on complex…
Al Kosier: Unconventional Mechanisms necessary for financing SMEs
Al Sayed Al Kosier, chairman of Industrial Development & Workers Bank of Egypt, said the official sector of…
Al Ghamrawi: Baraka Egypt’s Growth Rates Raise by 20%
Ashraf Al Ghamrawi, CEO of Baraka Bank Egypt, talked about the estimated budget of his bank during 2012 which aims…
IMF wants to boost Finances
Chancellor George Osborne is under pressure from the International Monetary Fund (IMF) to provide more loans to…
