Arab Investment Bank to establish mortgage unit with 100 mln pounds capital
The Arab Investment Bank would establish a new mortgage company with capital between 50 million Egyptian pounds and…
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Banks
Crédit Agricole Egypt’s net profit hits 1.957bn pounds at end-2017
Crédit Agricole Egypt’s net profit increased to 1.957 million Egyptian pounds at the end of 2017. The bank also…
NBK Egypt reports net profit worth 1.5 bln pounds in 2017
National Bank of Kuwait–Egypt (NBK), the Gulf Arab state’s largest commercial lender, announced Thursday a 77…
Ahli United Bank, Egypt Post ink MoU for financial services deal
Ahli United Bank- Egypt has signed a memorandum of understanding (MoU) with Egypt Post to provide the lender’s…
Amendments to Egypt Capital Markets Law credit positive for banks: Moody’s
The amendments passed by Egypt’s parliament last week to the Capital Markets Law are credit positive for banks,…
Export Development Bank seeks to secure new loans of 2 bln pounds
Export Development Bank of Egypt (EBE) seeks to increase its credit facilities and loans to 18 Egyptian pounds by…
Egypt’s Faisal Islamic Bank posts 11.1% up in business volume at end-Jan.
Faisal Islamic Bank of Egypt on Monday said that its business volume increased 11.1 percent by the end of…
NBE stops issuing savings certificates with 20% annual return
The National Bank of Egypt (NBE) announced that it stopped issuing its 18-month platinum savings certificate with…
CBE lowers interest rates 1% as inflation tumbles
The Central Bank of Egypt lowered interest rates 1% as the inflation rates keeps going downhill, for the first…
NBE: assets surge to 1.1 trillion pounds by the end of FY 2016-2017
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.364 trillion…