European banks see Q4 profit surge, ’25 outlook wobbles
European banks are set to post strong fourth-quarter 2024 profits, fuelled by robust lending margins and investment…
Browsing Tag
BNP Paribas
IFC invests $40m in China’s green finance
The International Finance Corporation (IFC) has made a strategic equity investment of approximately $40 million in…
BNP Paribas trims China workforce amid fee plunge
French banking giant BNP Paribas joined the growing list of global banks reducing their headcount in China.
BNP Paribas signs deal to acquire HSBC’s German private banking unit
BNP Paribas announced on Monday it had signed an agreement to acquire HSBC's private banking activities in Germany.
European shares rebound after French election upset
European shares rebounded on Monday, overcoming initial losses following France's surprising election results,…
Foreign lenders eye Swiss market post UBS-Credit Suisse deal
As Credit Suisse fades into history following its takeover by UBS, global banks are expanding their presence in…
Global banks target carbon emissions in real estate loans
Loans to commercial real estate at major banks face new tests due to carbon emissions and green regulations, as…
EU funds body backs capital market union plan
The European Fund and Asset Management Association (EFAMA), representing Europe’s €28.5 trillion investment…
Morocco’s OCP initiates roadshow for international bond
Moroccan phosphate and fertilizer producer OCP has initiated an investor roadshow for an international bond, aiming…
European shares rise as investors await bank earnings reports
European shares saw a slight increase on Monday, with the STOXX 600 index rising by 0.2 per cent by 0828 GMT,…
European banks face interest rate test in earnings reports
Investors are eagerly awaiting the first quarter earnings reports from major European banks, starting with…
India’s Prestige, Kotak, ADIA in deal to develop $240m projects
India's Prestige Estates Projects announced a 20-billion-rupee ($240 million) deal with the Abu Dhabi Investment…
ACC secures major financing for three gigafactories
ACC, a European auto battery manufacturer co-owned by Stellantis, Mercedes, and TotalEnergies, announced on Monday…
BNP Paribas: Egypt’s economy to grow 3.1% this financial year
Egypt’s economy is expected to grow at a 3.1 percent clip in the current 2020-2021 financial year, BNP Paribas said…
Egypt says has sold $5 billion in three tranches of bonds
Egypt has on Thursday sold $5 billion in bonds in three tranches with maturities of four, 12, and 30 years, a…
UAE’s Majid Al Futtaim to raise $600 million by selling green sukuk
UAE-based developer and shopping mall operator Majid Al Futtaim is set to raise $600 million by selling “green”…
BNP Paribas Q2 net profit 3.1% up buoyed by corporate, investment banking arm
BNP Paribas, France’s largest bank in terms of assets, on Wednesday reported a 3.1 percent growth in its…
BNP Paribas not pulling out of the troubled Turkey: chairman
Despite the economic challenges facing Turkey that have sent the lira on a dramatic decline, the country remains a…
SocGen chief urges regulators to help strengthen Europe’s banks
Societe Generale’s chief said banking space in Europe should follow in the footsteps of the U.S.’s, calling on…
Egypt seeks proposals to arrange dollar bond issues – sources
Egypt has asked banks for proposals to arrange U.S. dollar-denominated Eurobonds, banking sources told Reuters on…
BNP Paribas says to stop working with shale oil players and shift to renewable investments
BNP Paribas, France's biggest listed bank, announced Wednesday it would no longer work with oil and natural gas…
German govt favors a Commerzbank-BNP Paribas merger: WirtschaftsWoche
The German government favors a merger of state-backed Commerzbank with France's BNP Paribas, German weekly…
BNP Paribas: First goals of Egypt economic reform plan have been met
A recent research note released by BNP Paribas said the first goals of Egypt’s economy reform plan have been met,…
Egypt heralds marketing triple-tranche US dollar bond deal
Egypt has started marketing a triple-tranche US dollar benchmark bond deal, according to a lead. Initial price…
Orascom: foreign currency financing for two power plants in Egypt reaches close
Orascom Construction Limited announced Thursday that the foreign currency financing of Assiut and West Damietta…
Egypt signs BNP Paribas-led $650 million loan for two power plants
Egypt’s state-run Egyptian Electricity Holding Co. has signed Wednesday a $650 million loan agreement with BNP…
Egypt sees eurobond yield at 5.5-6% for Sept/Oct issuance: official
Egypt expects its eurobond issuance at the end of September or early October to have a yield between 5.5 percent…
Cairo names Matouk Bassiouny as local legal advisor for dollar bond issue
The Egyptian Ministry of Finance announced Thursday it selected Matouk Bassiouny Law Firm to act as a local legal…
Egypt chooses 4 banks to offer Egyptian dollar bonds in international markets
The Ministry of finance has chosen yesterday 4 international investment banks to offer Egyptian dollars bonds in…
BNP Paribas buoyed by decline in bad loan provisions
French bank BNP Paribas SA announced net profit in the second-quarter was flat as lower provisions set against bad…
Europe’s banks are staying out of Iran
European companies flocking back to Iran are doing so without their favored lenders at their side. Less than two…
Credit Agricole, BNP Paribas to fund Egypt’s oil refinery expansion
Egypt's oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit…
Six global lenders eye financing Egypt top refinery Midor’s expansion scheme
Six foreign lenders are bidding to finance a project to upgrade Egypt's state-owned Middle East Oil Refinery…
Shell signs $15.3 billion Bridge Loan
Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of…
Tennis: Djokovic Crushes Murray to Reach Indian Wells Final
World number one Novak Djokovic crushed Britain's Andy Murray 6-2 6-3 to reach the final of the BNP Paribas Open at…
Mashreqbank CEO confirms Interest in Citigroup Egypt Unit
Mashreqbank PSC (MASQ), the Dubai-based lender, is interested in buying Citigroup Inc. (C)’s Egyptian consumer…
Citigroup gets Bids from Emirates NBD, Mashreq in Egypt
Emirates NBD PJSC (EMIRATES) and Mashreqbank PSC (MASQ), two Dubai-based lenders, are among bidders for Citigroup…
BNP Paribas Chairman Steps down: Company
The chairman of BNP Paribas has resigned, some three months after the French bank was hit by a record $8.9 billion…
Mashreq Eyes Turkey, Egypt for Acquisitions
Dubai's Mashreq is targeting Egypt and Turkey for acquisitions to expand beyond its crowded home market, its chief…
CBE’s Decision to Stop Gamayah Won’t Affect Mobile Payment Service
Senior sources in Mobile Phone operators asserted that the decision of Central bank of Egypt to stop some products…