Egypt’s Misr Iran bank 2016 profits jump to 1 bln pounds on currency float
Egypt’s Misr Iran Development Bank (MIDB) says profits had risen to one billion Egyptian pounds ($55 million)…
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Ismail Hassan
EXCLUSIVE: Who’s who Egypt bank CEOs likely to leave on 9-year term limit decree
The decision of Egypt's central bank on Thursday to set a 9-year term limit for all banks’ CEOs will force ten of…
Egypt Didn’t Receive Any Turkish Requests to Return Deposit – CBE Governor
Central Bank of Egypt (CBE) governor Hisham Ramez said on Monday Turkey had not requested to redeem its $1 billion…
Turkey’s US$1 bln Deposit to Stay for 4 Years in Egypt’s Central Bank
Turkey would not be able to redeem its US$ 1 billion worth of deposit, which had been sent to Egypt during Mohamed…
Lowering Egypt’s Credit Rating Not To Impact IMF Talks: Ismail Hassan
Downgrading Egypt’s long-term sovereign credit rating from B- to CCC+ and short-term rating from B to C with stable…
Misr Iran Bank’s Deposit Portfolio Hit EGP 6.4 Bln At End-March 2013
Misr Iran Development Bank’s deposit portfolio reached EGP 6.4 billion at the end of last March, compared to EGP…
Misr Iran Bank Q1 Net Profit Hit EGP 86 Mln
Misr Iran Development Bank’s net profit reached EGP 86 million at the end of Q1 of 2013, compared to EGP 80 million…
Misr Iran’s Net Profit Hit EGP 215.4 Mln At End-2012
Misr Iran Development Bank’s standalone income statement that it achieved net profit of EGP 215.4 million at the…
Egypt’s Foreign Reserves Fell On Paying Debts To Paris Club Member Countries
Egypt’s foreign reserves fell to US$ 13.6 billion last January after paying the half-yearly installment of US$ 700…
Renewing Relations With Iran Not To Affect IMF Loan Deal: Ismail Hassan
One of that International Monetary Fund’s main aim is to assist crisis-hit economies with soft loans, said Ismail…
Misr Iran Bank Eyes 25% Profit Increase In 2013
Misr Iran Development Bank achieved profit of EGP 300 million before deducting taxes and provisions at the end of…
Misr Iran Bank Raises Its Investments In T-Bills To EGP 1.4 Bln
Misr Iran Development Bank’s investments in treasury bills reached EGP 1.4 billion at the end of 2012, up from EGP…
Misr Iran Bank Raises Capital By EGP 286 Mln
Misr Iran Development Bank has raised issued and paid-up capital by EGP 286 million to reach EGP one billion last…
Misr Iran Bank To Offer EGP 1 Bln Loans In 2013
Misr Iran Development Bank plans to increase loan portfolio to EGP 5 billion by the end of 2013, up from EGP 44…
Misr Iran Development Bank’s LTD Ratio Hit 77% In September
Misr Iran Development Bank’s loan-to-deposit ratio stood at 77% at the end of last September as loan portfolio…
Misr Iran 9-Month Profit Hit EGP 180 Mln
Misr Iran Development Bank achieved profit of EGP 180 million at the end of Q3, up from EGP 150 million at the end…
High Return On T-Bills Improves Banks’ Profits in H1: Bankers
The financial statements of a number of banks showed a relevant increase in the first half of 2012, marking the…
Misr Iran Invests EGP 1 Bln In Govt. Debt Instruments
Misr Iran Development Bank’s investments in government debt instruments (treasury bills and bonds) reached about…
Misr Iran Eyes EGP 250 Mln Profit In 2012
Misr Iran Development Bank targets to achieve profit of EGP 100 million in the second half of the current year to…
Ismail Hassan Violated CBE’s Rules By Appointing Gamal Mubarak At AAIB: Bankers
A number of bankers criticized the statements said by Ismail Hassan, the former governor of the Central Bank of…
Misr Iran Raises Paid-Up Capital By EGP 286 Mln In 2012
Misr Iran Development Bank targets to increase its paid-up capital by EGP 286 million, to reach EGP one billion by…
Misr Iran Delays The Launch Of 3 New Branches To 2013
Misr Iran Development Bank decided to postpone the launch of three new branches in Delta, Upper Egypt and Suez…
Misr Iran Bank’s Deposits Fell To EGP 5 Bln
Misr Iran Bank has continued to lose its deposits as they fell by EGP one billion to register EGP 5 billion in the…
New Lowered RRR To Be Effective On Tuesday
The Central Bank of Egypt (CBE) said the new reserve requirement ratio, lowered to 10% from 12%, will be effective…
Bank Misr Iran To Raise Deposits To EGP 6.5 Bln
Bank Misr Iran targets increasing its deposits volume to EGP 6.5 billion by the end of the current year, up from…
Misr Iran’s Non-Performing Loans Register 7% At The End Of Q1
Misr Iran Bank’s non-performing loans portfolio registered EGP 300 million during the first quarter of the current…
Misr Iran’s Retail Portfolio Registers 15 Mln At The End of Q1
Misr Iran Bank’s retail portfolio rose by EGP two million, registering EGP 15 million at the end of the first…
Misr Iran Targets 25% Increase in Loans in 2012
Misr Iran Bank targets achieving an increase in loans portfolio ranging from 20% to 25% and an increase in deposits…