EBRD studying $300 million loans for Egyptian banks
The European Bank for Reconstruction and Development (EBRD) says it is studying giving some banks in Egypt new…
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Raising interest rate could control Egypt’s economic situation: expert
The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate by 2 percent, reaching 17.25…
Credit Agricole not considering leaving Egyptian market
The chairperson and managing director of Credit Agricole Egypt, Francois Edouard Drion, said that the bank aims to…
Egypt’s Industrial Development Bank posts 100 mln pounds-net profits in 4 months
Industrial Development and Workers Bank of Egypt (IDWBE) has achieved net profits worth 100 million Egyptian pounds…
Toshiba to seek loan support from creditor banks Tuesday: sources
Toshiba Corp will meet creditor banks on Tuesday to ask them to accept as collateral shares in its memory chip unit…
Bank Audi Egypt to increase 4.5bn pounds-loan portfolio by end-2017
Bank Audi Egypt is planning to increase its loan portfolio volume to 4.5 billion Egyptian pounds ($249.2 million)…
Afreximbank secures $1 billion facility for Egyptian institutions
The African Export-Import Bank (Afreximbank) has secured more than $1 billion worth of indirect credit facilities…
Egypt’s NBE bank FY2015/16 pre-tax profits surge 88%
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) reported Sunday an 88 percent rise in annual…
Afreximbank considers new loans to Egypt
The African Export-Import Bank (Afreximbank) is studying a number of loans for Egyptian investors as well as banks…
HSBC says 2016 pre-tax profit rises 10.7% in Egypt
HSBC plc says profit before tax in Egypt has surged 10.7 percent to record $454 million equivalent to 7.2 billion…