CBE mourns prominent bankers Hatem Sadiq, Gamal Muharram
With deep regret and sorrow, Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, and his deputies mourn the…
Browsing Tag
Piraeus Bank Egypt
Kuwait’s Al Ahli Bank rebrands its subsidiary in Egypt
Al Ahli Bank of Kuwait (ABK) has rebranded Sunday its subsidiary in Egypt, Piraeus Bank Egypt, under the new name…
Kuwait’s Al Ahli to change Piraeus Bank Egypt’s Brand by end 2015
Kuwait's Al Ahli Bank (ABK) aims to change the brand of Piraeus Bank Egypt after getting the approvals of Egypt's…
Piraeus Bank Egypt obtains $10 mln net income in 2015 H1
Piraeus Bank Egypt has achieved net income worth EGP80 million (US$10.2 million) within the first half of…
Kuwait’s Al Ahli gets Kuwaiti Watchdog nod to buy Piraeus Bank Egypt
Kuwait's Al Ahli Bank (ABK) received approval from the Gulf state's central bank to buy the Egyptian unit of…
Egyptian Arab Land Bank Sees Highest Debt Settlement Rate by June-end
The Egyptian Arab Land Bank is expected to set a record by end of the current fiscal year on the rate of debt…
Exclusive – Who’s Who to Adopt Bancassurance Services in Egypt
Amwal Al Ghad publishes the list of companies and banks that are granted the Egyptian regulatory approvals to apply…
SAIB Says to Inject EGP1.54 bln in SMEs within 2014
Société Arabe Internationale de Banque (SAIB) is planning to inject new finances worth EGP 1.5 billion in the SMEs…
With Participation of 12 Banks, SAIB Leads Arrangement of EGPC’s EGP2bn Loan
Société Arabe Internationale de Banque (SAIB) has signed on Tuesday the long-awaited agreement to arrange, manage…
Cypriot President Eyes Improving Egypt-Cyprus Business Ties
The President of Cyprus N. Anastasiades accompanied by his Foreign Minister and the Energy Minister, have been the…
CBE Receives No Official Offers For Acquisition Of Banks
The Central Bank of Egypt (CBE) has not received any official offers for acquiring any bank in Egypt including…
Piraeus Bank Egypt’s Loans Down To 3.9 Bln By End Of Q3
Piraeus Bank Egypt’s portfolio of loans and credit facilities dropped by 2.14% to reach EGP 3.9 billion at the end…
Piraeus Bank Egypt’s Losses 48.6% Down In 9 Months
Piraeus Bank Egypt’s losses dropped by 48.6% during the first nine months of 2012 to reach EGP 94.2 million at the…
East Delta Electricity Signs EGP 1.6 Bln Loan Agreement Today
The East Delta Electricity Production Company has signed the agreement of the EGP 1.6 billion loan today with the…
HSBC, NSGB, Piraeus Offer EGP 670 Mln To Beni Suef Cement
HSBC Bank Egypt, National Societe Generale Bank (NSGB) and Piraeus Bank Egypt have approved to offer credit…
Piraeus Egypt Eyes 50% Increase In SME Finance By End Of 2013
Piraeus Bank Egypt targets to increase portfolio of SME loans and finances by 50% by the end of 2013. A source said…
Piraeus Bank Not To Exit Egyptian Market: Nayera Amin
Piraeus Bank Egypt has a five-year plan to be implemented by the beginning of next year so as to foster its…
East Delta Electricity To Sign EGP 1.6 Bln Loan Agreement Next Week
The National Bank of Egypt (NBE), Banque Misr, Piraeus Bank Egypt, Industrial Development and Workers Bank of Egypt…
Arrangers Of Suez Power Plant Loan To Sign Agreement Next Week
The National Bank of Egypt (NBE), Banque Misr, Piraeus Bank Egypt, Industrial Development and Worker Bank of Egypt…
Exclusive: Banks’ Contributions To Suez Power Plant Loan
The banks, arranging the long-term syndicated loan for the East Delta Electricity Production Company (EDEPC), have…
Is Bankasi, Attijariwafa Failed To Acquire Piraeus Bank – Egypt
Negotiations between Piraeus Bank on one side and Turkiye Is Bankasi and Moroccan Attijariwafa Bank, on the other…
Piraeus Egypt Raises Capital By EGP 200 Mln Within Days
Piraeus Bank-Egypt intends to increase its capital in the next few days by EGP 200 million to reach EGP 1.438…
Turkiye Is Bankasi Finalizes Piraeus-Egypt Due Diligence
Turkiye Is Bankasi A.S. has finalized the due diligence process that began last April aiming at evaluating Piraeus…
Turkey’s Is Bankasi Conducts Due Diligence On Piraeus Bank Egypt
Turkiye Is Bankasi AS visits Cairo to conduct due diligence to evaluate Piraeus Bank-Egypt before acquisition…
Piraeus Bank Egypt Raises Capital To EGP 1.4 Bln
Piraeus Bank Egypt will increase issued capital by EGP 225 million, to register EGP 1.463 billion, up from EGP…
Piraeus Bank Launches Credit Cards Next Week
Piraeus Bank-Egypt will launch a variety of credit cards next week, official sources told Amwal Al Ghad. Sources…
Piraeus Egypt approves EGP 200 m capital lift
Piraeus Bank Egypt has approved increasing its capital by EGP 200 million, through transferring a USD 33 million…