Financial Institutions Fitch: Saudi Arabia’s loan shows fiscal risk, may have structural benefit Yomna Yasser Apr 23, 2016 0 Saudi Arabia's move to raise US$10 billion via an international bank loan reflects the pressure on its fiscal…
Banks Egypt’s Industrial Development Bank’ SMEs portfolio hits $112mn aya salah Apr 16, 2016 0 Small and medium-sized businesses (SMEs) acquire 16 percent of the Industrial Development and Workers Bank -…
Egypt News Egypt, Saudi Arabia sign loan agreements totaling $24 billion aya salah Apr 11, 2016 0 Egypt and Saudi Arabia have signed final loan agreements worth over $24 billion during King’s Salman official…
Banks Blom Bank-Egypt 2015 profit 47.6% Yomna Yasser Mar 31, 2016 0 Egypt’s Blom Bank posts a 47.6 percent rise in net profit during 2015 to record 372 million Egyptian pounds ($42…
Banks Bank of America revs up auto loans business despite warning signs Noha Gad Mar 3, 2016 0 Bank of America (BAC.N) is making a big push into auto lending just as regulators are sending warning signals,…
Egypt News Egypt to sign soft loans of $575 mln with Japan, South Korea aya salah Feb 28, 2016 0 Egypt will sign three concessional loan agreements with Japan and one with South Korea worth a total of $575…
Egypt News Egypt targets new 656,000 affordable homes in 2 1/2 years aya salah Feb 25, 2016 0 Egypt's government is aiming to finish building 656,000 socially affordable housing units over the coming two and…
Banks CBE launches EGP 5 bln programme for medium size enterprises aya salah Feb 23, 2016 0 The Central Bank of Egypt has allocated EGP 5 billion ($647 million) for the banks to loan to medium sized…
forex news China January new yuan loans climb to record high in seasonal surge Noha Gad Feb 16, 2016 0 Chinese banks armed with fresh lending quotas extended a record 2.51 trillion yuan ($385.40 billion) of new loans…
Banks ECB in talks with Italy over buying bundles of bad loans Noha Gad Feb 15, 2016 0 The European Central Bank is in talks with the Italian government about buying bundles of bad loans as part of its…