New U.S. sanctions will hurt Egypt-Iran bank operations – Egyptian banker
New U.S. sanctions against Iran will be hard for the latter’s joint bank with Egypt in terms of the foreign…
Browsing Tag
Misr Iran Development Bank
GIG-Egypt to promote services through Misr-Iran bank 20 branches in 2 years
Egyptian Life Takaful-GIG seeks to promote its insurance service through Misr Iran Development Bank 20 branches…
SMEs seize 18% of Misr Iran Bank’s credit portfolio
Small and medium-sized enterprises are representing 18 percent of Egypt-based Misr Iran Development Bank’s total…
Egypt’s Misr Iran bank 2016 profits jump to 1 bln pounds on currency float
Egypt’s Misr Iran Development Bank (MIDB) says profits had risen to one billion Egyptian pounds ($55 million)…
Egypt pound vs dollar in interbank trade at 18 banks
US dollar traded to an average of 15 for buying and 15.65 for selling to Egyptian pound in interbank dealings on…
Dollar further fell against Egypt pound at early interbank trade
Dollar trade further dropped to an average below of 14 level for buying and below 16 for selling to Egyptian pound…
Dollar slips against Egypt pound at early interbank trade after IMF loan approval
Dollar trade fell to an average below of 16 level to Egyptian pound in four banks during early interbank dealings…
Dollar calms against Egypt pound following IMF $12 billion bailout approval
US dollar trade calmed significantly against Egyptian pound in 19 banks during interbank dealings in Egypt on…
Dollar stablises against Egypt pound at interbank trade
Dollar stablised against Egyptian pounds in 19 banks during interbank dealings on Thursday. For the biggest banks…
Dollar rises against Egypt pound in 7 banks at early interbank trade
Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday. The seven banks…
UPDATE: Egypt pound vs dollar in 20 banks at post-free floating trade
Dollar has continued its rise against Egyptian pound during interbank dealings on Monday. Pound was quoted at 17.5…
Dollar climbs against Egypt pound in 11 banks at early post-free floating trade
Dollar has surged against Egyptian pound in 11 banks in early interbank dealings on Monday.The 11 banks are Banque…
As post-free float trading begins, get to know dollar prices in 16 Egypt banks
Egyptian banks start trading currency on Sunday without central bank restrictions for the first time after policy…
Misr Iran Bank Q1 customer deposits record 11 bln Egyptian pounds
Egypt’s Misr Iran Development Bank (MIDB) registered y-o-y rise in customer deposits to reach 11 billion Egyptian…
Misr Iran Bank H1 Net Profits hit $19mln
Misr Iran Development Bank (MIDB) has obtained net profit worth EGP151 million (US$19.2 million) in the first half…
Misr Iran Bank allocates 100-million Pounds to support Egypt Electricity
Misr Iran Development Bank (MIDB) intends to inject 100 million Egyptian pounds in a 1.5 billion pound (US$196.6…
Misr Iran Bank eyes EGP300 million Profits in 2015
Misr Iran Development Bank (MIDB) is targeting higher profits by end of 2015 to reach EGP 300 million, from EGP 270…
Misr Iran Bank Seen Biggest Profitability by end-2014
Egypt’s Misr Iran Development Bank is expected to post profits worth 270 million Egyptian pounds (US$37.7 million)…
Misr Iran’s Loans Fell to EGP100 million in September
Misr Iran Development Bank's loan portfolio declined with EGP100 million to register EGP3.8 billion at the end of…
Misr Iran Bank’s Deposits Decline to EGP5.9bn in September
Misr Iran Development Bank's deposits fell to EGP5.9 billion in September in compared to EGP6.8 billion in 2013…
Misr Iran Bank’s Investments in T-Bills Fell to EGP1.4bn in September
Misr Iran Development Bank's investments fell to EGP200 million to register EGP1.4 billion in September in compared…
Misr Iran Bank: Profits Hit EGP229 million in 9 Months
Misr Iran Development Bank (MIDB) announced Thursday its profits hit EGP 229 million during the first nine months…
Misr Iran Joins Central Bank’s Housing Initiative Next Month
Egypt’s Misr Iran Development Bank announced allocation of EGP 150 million to participate within next month in the…
Misr Iran to Take Part in CBE Housing Initiative this Month
Misr Iran Development Bank targets participation in the Egyptian Central Bank's mortgage finance initiative within…
Misr Iran Bank Hits EGP2.5bln T-Bills and Firms Investments in Q1
Misr Iran Development Bank registered EGP2.5 billion as total investments for treasury-bills and firms within the…
Misr Iran Targets Mobile Money Transfer Service Launch within H2/14
Misr Iran Development Bank (MIDB) revealed on Tuesday plans to apply the Mobile Money Transfer (MMT) service within…
Misr Iran Says Profits 54% up in 2013, Eyes 20% Growth in 2014
Misr Iran Development Bank (MIDB) revealed on Thursday a rise in net profits by 54% to EGP 333 million at the end…
Remco Pays Off US$ 16 Bln Debt To Misr Iran Bank In 2014
Remco for Touristic Villages Construction will finalize paying all installments of its US$ 16 million debt to Misr…
Lowering Egypt’s Credit Rating Not To Impact IMF Talks: Ismail Hassan
Downgrading Egypt’s long-term sovereign credit rating from B- to CCC+ and short-term rating from B to C with stable…
Misr Iran Bank’s Deposit Portfolio Hit EGP 6.4 Bln At End-March 2013
Misr Iran Development Bank’s deposit portfolio reached EGP 6.4 billion at the end of last March, compared to EGP…
Misr Iran Bank Q1 Net Profit Hit EGP 86 Mln
Misr Iran Development Bank’s net profit reached EGP 86 million at the end of Q1 of 2013, compared to EGP 80 million…
Misr Iran’s Net Profit Hit EGP 215.4 Mln At End-2012
Misr Iran Development Bank’s standalone income statement that it achieved net profit of EGP 215.4 million at the…
Arab Investment Bank Considers Contributing To El Marakby Loan
The Arab Investment Bank plans to contribute to the EGP 520 million loan arranged by the National Bank of Egypt…
Renewing Relations With Iran Not To Affect IMF Loan Deal: Ismail Hassan
One of that International Monetary Fund’s main aim is to assist crisis-hit economies with soft loans, said Ismail…
Misr Iran Receives EGP 50 Mln As First Tranche From SFD
Misr Iran Development Bank has received EGP 50 million as the first tranche of the loan agreement that it recently…
Misr Iran Bank Eyes 25% Profit Increase In 2013
Misr Iran Development Bank achieved profit of EGP 300 million before deducting taxes and provisions at the end of…
Misr Iran Bank Raises Its Investments In T-Bills To EGP 1.4 Bln
Misr Iran Development Bank’s investments in treasury bills reached EGP 1.4 billion at the end of 2012, up from EGP…
Misr Iran Bank Raises Capital By EGP 286 Mln
Misr Iran Development Bank has raised issued and paid-up capital by EGP 286 million to reach EGP one billion last…
Misr Iran Bank To Offer EGP 1 Bln Loans In 2013
Misr Iran Development Bank plans to increase loan portfolio to EGP 5 billion by the end of 2013, up from EGP 44…
NBE To Sign Loan Agreement With El Marakby Next January
The National Bank of Egypt (NBE) and Misr Iran Development Bank are receiving final approvals from banks to…