AlexBank first-half net profit grows 6.3%
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Thursday that its first-half net profits rose 6.3…
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loans
Egyptian Raya Holding’s unit in talks over $30.1 mln loans
Aman for Microfinance, owned by Egypt's Raya Holding For Financial Investments, seeks to borrow 500 million…
National Bank of Egypt eyes more loans, deposits, profitability by June 2020
National Bank of Egypt, the country’s largest bank by assets, says it targets 15-20 percent growth in loans,…
Egypt’s Orascom Development inks $227.2 mln loan restructuring deal
Egypt’s Orascom Development Holding said on Thursday it has signed a deal to schedule its loans worth 3.8 billion…
Banque du Caire profit after tax jumps 200% in 2018
Egyptian state-run lender Banque du Caire said on Thursday its after-tax profit in 2018 rose 200 percent to around…
Egypt’s OUD to secure $370mn loans for Ain Shokhna’s industrial project
Egypt's Oriental Urban Development (OUD), an affiliate to Oriental Weavers, announced plans to borrow loans of 6.5…
Sisi directs Egypt’s c.bank to reduce interest rate on youth loans
Egypt's President Abdel-Fattah El-Sisi wants the interest rate on loans to young people to be reduced to 5 percent,…
Moody’s assigns positive outlook for Egypt’s banks on strong economy
Moody's Investors Service has maintained its positive outlook on Egypt’s banking sector, buoyed by an improving…
ABK-Egypt posts 62% surge in 2018 net profit
Building on its strong performance since entering the Egyptian market, Al Ahli Bank of Kuwait–Egypt (ABK-Egypt)…
ATM’s transactions amount to EGP 750mn: Fawry CEO
Number of transactions which are implemented through automated teller machines (ATM) amounted to 750 billion pounds…
