NBE, BM, CIB Ratings Affirmed At ‘B/B’
On Aug. 24, 2012, Standard & Poor's Ratings Services affirmed its 'B/B' long- and short-term counterparty…
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egyptian banks
Banks Take No Extra Security Measures For Anti-Brotherhood Protest
Foreign and state-owned banks affirmed that they will not implement extra procedures to secure their branches in…
CIB, Thomas Cook Launch Prepaid Travel Mastercard
The Commercial International Bank (CIB) and Thomas Cook Egypt launched CIB-Thomas Cook prepaid travel MasterCard…
Bank For Development & Agricultural Credit A leading Financier Of Microenterprises
Dr. Mohsen El-Batran, chairman of the Principal Bank for Development and Agricultural Credit, revealed to Amwal Al…
Banque Misr Contributes EGP400 Mln To Suez Power Plant Loan
Banque Misr has decided to contribute EGP 400 million to the EGP 1.4 billion loan arranged by the bank for the East…
Securities Held By Banks Registered EGP 538 Bln In May 2012
The portfolios of securities held by banks in Egypt (excluding the Central Bank of Egypt) rose by EGP 63.8 billion…
Foreign Investments In T-Bills Down To Lowest Level In May 2012
Foreign Investments in treasury bills issued by the Central Bank of Egypt (CBE) retreated to EGP 755 million at the…
CBE: Domestic Credit Up To EGP 1.05 Trillion In May 2012
The domestic credit in Egypt rose by 18.1% during 11 months, registering EGP 1.05 trillion last May, up from EGP…
CBE: Banks Offered EGP 499 Bln Loans By End Of May 2012
The value of loans offered by the banking sector in Egypt for the period from the beginning of July 2011 to May…
CBE: Banks’ NPL Ratio Down To 10.7% In Q1 2012
The Central Bank of Egypt (CBE) has issued a report that revealed that the ratio of non-performing loans accounted…