Commercial International Bank Egypt’s 2019 net profit up 23.5%
Egypt’s Commercial International Bank (CIB), the largest private bank in the country, on Tuesday posted a 23.5…
Browsing Tag
non-performing loans
EGBANK’s NPLs portfolio grows 3.68% in H1 2019
Egyptian Gulf Bank (EGBANK) non performing loans (NPL) portfolio has captured 3.86 percent of the total credit…
Al Baraka Bank Egypt’s NPLs fall to 5.4% in June
Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, witnessed an improvement in the quality of…
Italy expects debt to fall aggressively: finance minister
Italian Finance Minister Pier Carlo Padoan is confident that measures carried out by his government to strengthen a…
Europe banks hold €988 billion in NPLs: IMF
Bank in Europe still hold "a very high" €988 billion ($1.17 trillion) in non-performing loans (NPLs) on their…
Nonperforming loans drop by 5.7% in Egypt’s banks at end-March: CBE
The ratio of non-performing loans at banks operating in the Egyptian market fell to 5.7 percent of the total loan…
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…
Egypt’s state agriculture bank inks debt settlements with 5200 clients
Egypt’s main agricultural lender PBDAC has signed debt settlement agreements swith 5200 clients during the first…
Fitch: China’s toxic debt pile may be 10 times official estimates
Toxic loans in the Chinese financial system could be 10 times as high as official estimates suggest, Fitch Ratings…
National Bank of Egypt plans major cut in bad loans by FY2016/17
The National Bank of Egypt (NBE), the country’s largest public lender, plans to reduce its non-performing loans to…
Asia banks’ bad debt pile highest since global financial crisis
Bad debts at Asian banks have jumped to their highest since the global financial crisis and the trend will likely…
Egypt’s Banque Misr net profit up 66.3% in FY14/15
Egypt’s second biggest state bank, Banque Misr reported a 66.3 percent rise in net profit after tax in the…
NBK reports 10% y-o-y Growth Net Profit in 2014
The National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of USD 894.2 million (KD 261.8…
India Needs Reforms in Banking Sector, More Autonomy for State Banks: Fin Min
India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley told reporters on…
NBE Negotiates with Hurghada’s Tourist Client to Settle Debts worth EGP250mn
National Bank of Egypt (NBE) is currently negotiating with tourist client in Hurghada to settle debts worth EGP250…
NBE Collects EGP1.6bn Extra Budget Debts in 3 Years
The National bank of Egypt (NBE) collected extra budget debts within 3 years worth EGP1.6 billion from EGP13billion…
AlexBank Writes off NPLs worth EGP116 million in Q1
Bank of Alexandria has written off non-performing loans (NPLs) worth around EGP 116.7 million during the first…
NBE’s NPLs Portfolio Fell to EGP5.5bln in FY14/15
National Bank of Egypt is aiming to reduce its non-performing loan (NPL) portfolio to close at EGP5.5 billion by…
NBE Makes Settlements with 400 in Default Clients in SMEs with EGP18 mln
The National Bank of Egypt (NBE) has finalized conducting settlements with 400 in default clients in Small…
IDWBE Cuts NPL Portfolio to EGP1.635 billion at 2013-end
The Industrial Development &Workers Bank of Egypt (IDWBE) had made settlements with defaulters amounting to EGP…
EALB: NPL Portfolio in Tourism Sector Hits EGP4 bln
The non-performing loan portfolio in the tourism sector accounts for EGP 4 billion, the Egyptian Arab Land Bank…
AAIB Attains EGP28 bln Total Loans, 1.4% NPL
The portfolio of non-performing loans of the Arab African International Bank (AAIB), captured 1.4% from the total…
Hermes Reiterates Credit Agricole Egypt Buy Rating After Strong Q3 Results
EFG-Hermes reiterated, in a recent study, Credit Agricole Egypt (CIEB.CA) Buy rating, as we continue to view…
Banque Du Caire Set Aside Precautionary Allocations With EGP 947 mln June-End
The Precautionary allocations set aside by Banque Du Caire at the end of June up EGP 947 million. An official…
Italy Banks Bad Loans Underline Southern Europe Malaise
Italian banks are more reluctant to lend as a recession saddles them with mounting bad debt, highlighting a growing…
NBE Receives EGP 170 Mln Of Imac Paper Manufacturing’s Debt
The National Bank of Egypt (NBE) received EGP 170 million in cash under the debt-settlement deal signed with Imac…
NBE, EALB, ABC May Settle EGP 115 Mln Debt For Dokki Hospital
The National Bank of Egypt (NBE), the Egyptian Arab Land Bank (EALB) and the Arab Banking Corporation (ABC) plan to…
AAIB’s Real Estate Assets Portfolio Hit EGP 8 Mln In September
The Arab African International Bank’s (AAIB) portfolio of real estate assets registered EGP 8 million at the end of…
IDBE Settled EGP 500 Mln Debts In 9 Months
The Industrial Development and Workers Bank of Egypt agreed to settle debts of 100 defaulting customers who owe the…
HDB’s SME Finance Portfolio Up To EGP 200 Mln
The Housing and Development Bank’s (HDB) portfolio of SME finance stood at EGP 200 million at the end of last…
NBE Provides Tourism Company With EGP 120 Mln Credit Facilities
The National Bank of Egypt (NBE) approved to offer credit facilities worth EGP 120 million for a tourism company to…
NBE’s NPLs Fell To EGP 6.2 Bln In Q1
The National Bank of Egypt’s (NBE) portfolio of non-performing loans stood at EGP 6.2 billion at the end of Q1 of…
EALB Settled EGP 280 Bad Debts In July, August
The Egyptian Arab Land Bank (EALB) settled non-performing loans worth EGP 280 million during July and August with a…
NBE Received EGP 262 Mln Non-Recoverable Loans In FY 2011/12
The National Bank of Egypt (NBE) succeeded in collecting about EGP one billion of the non-performing loans, of…
Bank for Agricultural Credit’s NPLs Register EGP 1.1 Bln
The Principal Bank for Development and Agricultural Credit’s non-performing loans of the investment and…
CBE: Banks’ NPL Ratio Down To 10.7% In Q1 2012
The Central Bank of Egypt (CBE) has issued a report that revealed that the ratio of non-performing loans accounted…
IDBE’s Profit Hit EGP 31 Mln In July 2012
The Industrial Development and Workers Bank of Egypt achieved profit of EGP 3 million at the end of July, raising…
EDBE’s Real Estate Assets Portfolio Hits EGP 1 Bln
The Export Development Bank of Egypt’s (EDBE) real estate assets portfolio, that was acquired by the bank after…
EDBE’s NPLs Hit EGP 820 Mln In H1
The Export Development Bank of Egypt’s (EDBE) portfolio of non-performing loans stood at EGP 820 million, out of…
IDBE Targets EGP 22 mln Profits in H2 of 2012
Industrial Development and Workers Bank of Egypt (IDBE) aims at achieving EGP 22 million profits during the second…