Money National Bank of Egypt eyes more loans, deposits, profitability by June 2020 Ahmed Ali Jul 4, 2019 0 National Bank of Egypt, the country’s largest bank by assets, says it targets 15-20 percent growth in loans,…
Money Egypt’s Orascom Development inks $227.2 mln loan restructuring deal Amwal Al Ghad English Jun 15, 2019 0 Egypt’s Orascom Development Holding said on Thursday it has signed a deal to schedule its loans worth 3.8 billion…
Money Banque du Caire profit after tax jumps 200% in 2018 Abdel Halim El Gendy Apr 18, 2019 0 Egyptian state-run lender Banque du Caire said on Thursday its after-tax profit in 2018 rose 200 percent to around…
Banks Egypt’s OUD to secure $370mn loans for Ain Shokhna’s industrial project Amwal Al Ghad English Apr 11, 2019 0 Egypt's Oriental Urban Development (OUD), an affiliate to Oriental Weavers, announced plans to borrow loans of 6.5…
Banks Sisi directs Egypt’s c.bank to reduce interest rate on youth loans Amwal Al Ghad English Feb 18, 2019 0 Egypt's President Abdel-Fattah El-Sisi wants the interest rate on loans to young people to be reduced to 5 percent,…
Financial Institutions Moody’s assigns positive outlook for Egypt’s banks on strong economy Amwal Al Ghad English Feb 12, 2019 0 Moody's Investors Service has maintained its positive outlook on Egypt’s banking sector, buoyed by an improving…
Feature ABK-Egypt posts 62% surge in 2018 net profit Amwal Al Ghad English Feb 11, 2019 0 Building on its strong performance since entering the Egyptian market, Al Ahli Bank of Kuwait–Egypt (ABK-Egypt)…
Feature ATM’s transactions amount to EGP 750mn: Fawry CEO Amwal Al Ghad English Dec 3, 2018 0 Number of transactions which are implemented through automated teller machines (ATM) amounted to 750 billion pounds…
Money Egypt deposits $199.5 billion in banks in FY2017/18 – c.bank Amwal Al Ghad English Nov 25, 2018 0 Egyptians deposited around 3.569 trillion Egyptian pounds ($199.5 billion) in the local banking system in financial…
Banks Al Baraka Bank Egypt’s NPLs fall to 5.4% in June Ahmed Ali Aug 27, 2018 0 Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, witnessed an improvement in the quality of…