Crédit Agricole 2016 net profit after tax climbs 32% in Egypt
Crédit Agricole SA says net profit after tax in Egypt for 2016 rose 32 percent y-o-y to record 1.37 billion…
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Dollar climbs on bargain hunting after Trump takes aim at US trade partners
Dollar rose against a basket of major peers on Wednesday as bargain hunters stepped in after it slid overnight to a…
Bank Audi Egypt: 9-month net profit hits 619.3 million pounds
Egypt’s eighth largest commercial bank, Bank Audi S.A.E., has registered nine-month net profit of 619.3 million…
National Bank of Egypt may delay tourism clients’ installments to 2018-end
Egypt’s largest bank, the state-owned National Bank of Egypt (NBE) may delay collecting debts for clients operating…
Banque Misr negotiating $500 million loans from Credit Suisse, ADIB
Egypt’s second biggest bank, state-owned Banque Misr is negotiating $500 million agreements with Credit Suisse…
Dollar loses steam ahead of holidays, US indicators
The dollar slipped from its 14-year-high against a basket of currencies on Thursday as investors took profits ahead…
Egypt’s United Bank: bad loans edge higher on currency float move
The state-run United Bank of Egypt’s portfolio of bad loans has surged to 3.5 billion Egyptian pounds ($191.2…
Bank Audi targets more than 20% growth in Egypt within 2017
Egypt’s eighth largest commercial bank, Bank Audi S.A.E., is targeting growth rates of more than 20 percent within…
Banque Misr finances 419,000 clients working in micro-enterprises, SMEs
Banque Misr granted a number of loans worth 3.8 billion Egyptian pounds for 419,000 clients who are working in…
Egyptian foodmaker Edita says receives Arab Bank’s two medium term loans
Egyptian foodmaker Edita has announced on Wednesday that it received two medium term loans from Arab Bank totalling…