UNB Registers 16.6% Irregular Loans and 23% Increase In Foreign Deposits
Union National Bank Egypt’s irregular loans registered 16.6% or EGP 399.6 million of the total volume of loans…
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Banks
MIFC Ambassador Urges Innovation within Shariah to Meet Liquidity Challenge
Raja Nazrin Shah, Financial Ambassador to the Malaysian International Islamic Financial Centre (MIFC) has strongly…
Malaysia’s Central Bank Governor Receives IDB’s Prize For Islamic Banking
The Jeddah-based Islamic Development Bank (IDB), the multilateral development bank of the Muslim world, has awarded…
CIB Injects US$ 48 Mln In Egyptian Refining Company’s Loan
Six international financial institutions arranging the US$ 2.6 billion loan for Egyptian Refining Company, owned by…
Banque Du Caire Targets 200% Profit Growth For 2012
Banque Du Caire aims at achieving 200% growth in its profits in the current year, according to the banks’ estimated…
Misr Iran Eyes EGP One Billion Increase in Deposits Portfolio By 2012
Misr Iran Bank aims at increasing its deposits portfolio by EGP one billion to reach EGP 6.5 billion this fiscal…
Finance Ministry Launches 10-Year Bonds
Ministry of Finance aims to sell 10-year bonds for the first time since the start of its revolution more than a…
United Gulf Bank Backs Bahrain Banks At 2012 IMF / World Bank Meetings
Bahrain-based United Gulf Bank B.S.C. (UGB), the asset management and investment banking subsidiary of the KIPCO…
Global Payments Dropped by Visa As 1.5 million Card Numbers Stolen
Visa Inc (V.N) has dropped payment processor Global Payments Inc (GPN.N) from its list of approved service…
Goldman Sachs Launches $3 Bln Property Debt Fund
In a move to take advantage of a growing shortage of real estate financing across the UK and Europe, a private…
