S&P Places 3 Egyptian Banks On Watch Negative
Standard & Poor's Ratings Services placed its 'B' long-term and 'B' short-term issuer credit ratings on…
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egyptian banks
Banque Misr Launches Car Murabaha Next Week
Banque Misr has approved the final form of the car murabaha (Islamic finance) to be launched in the next week.…
EDBE Eyes EGP 170 Mln Net Profit In FY 2012/13
Export Development Bank of Egypt (EDBE) will approve its budget plan for the next fiscal year 2012/2013 in which…
CIB Contributes With US$ 60 Mln in ERC’s Letters of Guarantee
Commercial International Bank (CIB) approved to contribute in financing the issuing of letters of credit and…
Dollar-Bond Yield Falls Most Since Revolution
Benchmark dollar-bond yield declined the most since the early days of last year’s uprising. The yield on the 5.75…
SAIB Opens Its First Islamic Branch In Cairo On Morsi’s Win
Societe Arabe Internationale De Banque (SAIB), has secured approval from the Central Bank of Egypt to open its…
Banks Close Before Time Ahead Of Announcing Mubarak’s Successor
Banks, among other institutions in Egypt, are closing their doors in the final hours before the announcement of the…
Banque Misr: Deposits Portfolio Posts EGP 161 Bln In May
Banque Misr’s deposits portfolio rose by EGP 6 billion, or 3.9%, registering EGP 161 billion at the end of last…
4 Egyptian Banks Disbursed 517,000 Yellow Remittances Worth 1.941 Bln
The National Bank of Egypt (NBE), Banque Misr, Alex Bank and Arab African International Bank (AAIB) disbursed…
Banks Retreat From Financing US$ 300 Mln LG For ERC
The Egyptian Refining Company (ERC) seems to face financial problems after banks has retreated from financing the…
