Greece begins sale of bank stake
Greece's bank bailout fund (HFSF) started the sale of a 10 per cent stake in the National Bank of Greece (NBG) on…
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Piraeus Bank
ECB fines Greece’s Piraeus Bank on past funding violations
The European Central Bank fined Piraeus Bank 5.15 million euros ($5.66 million) for breaching own fund provisions…
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 Ahli Bank won’t practice Islamic banking in Egypt
Kuwait's Al Ahli Bank (ABK) is not seeking to obtain an Islamic banking licence for its Egyptian unit, the Kuwaiti…
Kuwait’s Ahli Bank plans capital top-up for Egyptian unit in 2016: CEO
Kuwait's Al Ahli Bank (ABK) plans to boost the capital of its Egyptian unit to around one billion Egyptian pounds…
Kuwait’s Al Ahli Bank buys most of Piraeus Bank’s Egypt Arm for $150 million
Kuwait's Al Ahli Bank (ABK) will pay $150 million for a 98.5 percent stake in the Egyptian unit of Greece's Piraeus…
Morocco’s Attijariwafa Bank interested in Piraeus Bank’s Egypt unit
Morocco's Attijariwafa Bank is seeking to buy Piraeus Bank's Egyptian subsidiary, a local Moroccan news agency…
Piraeus Bank Egypt to focus on energy projects financing
Piraeus Bank in Egypt is targeting the financing of major projects during the Economic Summit this month. Naira…
Greek Deal hopes boost Stoxx 600t to Highest Since 2007
European stock markets moved sharply higher on Wednesday, boosted by reports that Greece will ask for an extension…
Egyptian Arab Land Bank Settles Debts worth EGP400mn in Q1
Chairman of Egyptian Arab Land Bank (EALB) Chairman Abdel Meguid Mohy El-Din said his bank succeeded to…
Three Greek, One Cyprus Banks Fail ECB Stress Test
Three of Greece's top lenders and Cyprus's biggest bank failed the European Central Bank's health check Sunday, but…
Banks Extend Closing Branches in Egypt’s Tahrir Sq to 3rd Day
The banks' branches located in Egypt's Tahrir Square decided to remain closed for fear of a potential violence that…
CBE’s MPC Meeting to Discuss Interest Rates
Central Bank of Egypt’s Monetary Policy Committee shall hold its periodic meeting today, headed by CBE’s governor…
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…
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…
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…
Greece’s Piraeus Bank Halts Sale Of Egyptian Unit
Greece's fourth-largest lender Piraeus Bank has halted the sale of its Egyptian subsidiary, the bank said on…
Piraeus Bank Shares Soar 15 Pct After Atebank Deal
Shares in Greece's Piraeus Bank soared 15 percent on Monday after the lender agreed to take over the healthy assets…
Faisal Islamic Bank Contributes With EGP 100 Mln To EDEPC Loan
Faisal Islamic Bank approved to contribute with EGP 100 million to the syndicated loan worth EGP 1.6 billion…
NBE, Piraeus To Offer Bridge Loan Worth EGP 150 Mln To EDEPC
The National Bank of Egypt (NBE) signed last week a contract on providing a bridge loan worth EGP 150 million for…
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 Bank To Sell Egypt’s Unit
Five parties from Middle East and North Africa are attracted to acquire Greece's Piraeus Bank arm in Egypt, valued…
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…