Banque Misr full-year pre-tax profit rises 30.7%
Egypt’s second biggest bank, state-owned Banque Misr says profits before tax have climbed 30.7 percent to record…
Browsing Tag
Banks news
Egypt’s foreign reserves surge to $26.541 billion at February-end
Egypt's net foreign reserves rose to $26.542 billion at the end of February from $26.363 billion at the end of…
QNB Al-Ahli Bank to roll out mVisa services in Egypt
QNB Al-Ahli Bank has announced plans to roll out mVISA service in cooperation with Visa Inc, becoming the first…
Japan bank consortium to use blockchain tech from Google-backed Ripple to make payments
A consortium of Japanese banks plans to use distributed ledger technology — better known as blockchain — from a…
China’s new banking regulator pledges tightening supervision, curbing risks
China's newly appointed banking regulator vowed Thursday to tighten supervision of the lending sector, underscoring…
Central Bank of Egypt braces for multi-billion-pound microfinance initiative
Egypt’s central bank is preparing the ground to launch a new initiative dedicated for the microfinance sector…
Egypt negotiating $150 mln labour-intensive finance programe from World Bank
Egypt is negotiating a $150 million financing programme from the World Bank to help develop labour-intensive…
National Bank of Kuwait Q4 net profit rises 45.7% in Egypt
National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 45.7 percent rise in…
Afreximbank secures $1 billion facility for Egyptian institutions
The African Export-Import Bank (Afreximbank) has secured more than $1 billion worth of indirect credit facilities…
Deutsche Bank staff won’t be quitting over bonus cuts: Paper
Bonus cuts at German flagship lender Deutsche Bank, announced in January, have so far not led to a mass exodus of…