Egypt’s banking sector shows resilience with strong capital, low NPLs – CBE
Egypt’s banking sector remains robust and well-positioned to support economic growth, according to the latest…
Browsing Tag
NPLs
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…
National Bank of Egypt NPLs hit 8 bln pounds
Egypt’s biggest lender, the state-owned National Bank of Egypt says its non-performing loans (NPLs) had risen to 8…
Lebanon’s Blom Bank: 2016 profits rise 44.9% in Egypt
Blom Bank Egypt, the Egyptian arm of Lebanon’s bank Blom, says profits have risen 44.9 percent to record 539…
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…
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…
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 Settles Debt Of Tourism Customer For EGP 122 Mln
The Egyptian Arab Land Bank (EALB) signed an agreement to settle the debt of a customer in the tourism sector in…
NBE Gives Tourism Customers Reprieve To Repay Loans Next Year
The National Bank of Egypt (NBE) has given a reprieve to customers in the tourism sector to repay the EGP 500…
NBE Postpones Repayment Of EGP 400 Mln Bad Debt Until Early 2014
The National Bank of Egypt (NBE) delayed repayment of EGP 400 million worth of debts owed by customers in the…
NBE To Sign Debt Settlement Agreement With Food Industries Company
The National Bank of Egypt (NBE) has approved signing debt settlement agreement with a food industries company…
NBE Receives EGP 250 Mln From Loan Defaulters In Six Months
The National Bank of Egypt (NBE) has received EGP 250 million in cash after signing debt settlement agreements with…
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…
EALB Launches Two-Year Certificate For Companies
The Egyptian Arab Land Bank (EALB) has launched a new investment instrument which is a two-year certificate for…
Arab Investment Bank Eyes Settling EGP 200 Mln Debts In Q4
The Arab Investment Bank (AIB) targets to reduce its non-performing loan portfolio by EGP 200 million in Q4 of 2012…
Industrial Development Bank Signed Debt Settlement Agreements Worth EGP 100 Mln
The Industrial Development and Workers Bank of Egypt signed debt settlement agreements worth EGP 100 million with…
AIB Signed Debt Settlement Agreements Worth EGP 150 Mln In Q3
The Arab Investment Bank (AIB) has signed debt settlement agreements worth EGP 150 million with defaulting…
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…
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…
Agricultural Credit Bank Suggests Different Loan Exemption Schemes
The Principal Bank for Development and Agricultural Credit has set different options for exempting 44,000 farmers…
Industrial Development Bank Receives EGP 100 Mln Cash On Settling Debts
The Industrial Development and Workers Bank of Egypt received EGP 100 million cash after settling debts worth EGP…
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…