Fed: Trump policies could lead to rate hike ‘fairly soon’
The next interest rate hike could be closer than it appears, documents released Wednesday by U.S. Federal Reserve…
Browsing Tag
Banks news
Barclays reports trebling of pretax profit for 2016
Barclays recorded worse-than-expected net profits for 2016, but posted a surprise uptick in its capital buffers as…
China’s giant ICBC bank to invest $20 billion in Egypt over 10 years
The world’s biggest lender by assets, state-owned Industrial and Commercial Bank of China Limited (ICBC) will…
EBRD earmarks $200 million for Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has allocated $200 million for financing small and…
AlexBank launches business passport product to empower Egypt SMEs
AlexBank, a member of Italian bank Intesa Sanpaolo, announced Tuesday the launch of its Business Passport, a…
Telecom Egypt in talks to increase 4G loan to 13 bln pounds
State-owned landline monopoly Telecom Egypt is in talks with banks about raising a loan designated to pay for the…
HSBC says 2016 pre-tax profit rises 10.7% in Egypt
HSBC plc says profit before tax in Egypt has surged 10.7 percent to record $454 million equivalent to 7.2 billion…
Crédit Agricole 2016 net profit after tax climbs 32% in Egypt
Crédit Agricole SA says net profit after tax in Egypt for 2016 rose 32 percent y-o-y to record 1.37 billion…
CIB Egypt bank supports entrepreneurs in cooperation with AUC
Powered by the Commercial International Bank-Egypt (CIB), the School of Business at the American University in…
EBRD loans Emirates NBD Egypt $125 mln
The European Bank for Reconstruction and Development (EBRD) signed on February 19th an $125 million subordinated…