Intesa Sanpaolo in talks with Egypt gov’t to buy remaining 20% stake in ALEXBANK
Intesa Sanpaolo Group, the leading European bank and owner of 80 percent stake in AlexBank in Egypt, has started…
Browsing Tag
Small and Medium sized projects
211,000 Egyptian youth benefit from EGP2.646 bln SME loans in H1 2018/19
About 2.646 billion Egyptian pounds have been allocated for small and medium-sized projects, according to…
EBRD signs $75 mln SME loan deal with Egypt’s oldest bank
Egypt’s oldest bank Banque Misr has signed Tuesday a $75 million loan agreement with the European Bank for…
Signing for 207mn euros-German funding expected during Sisi’s visit: Egypt’s…
International Cooperation Minister Sahar Nasr said President Abdel Fattah al-Sisi’s visit to Germany next week…
Afreximbank to sign $500mn credit lines for Egypt SMEs in two weeks
The African Export-Import Bank (Afreximbank) plans to sign $500 million credit line contracts with two state-owned…
Banque du Caire, CIS Egypt in talks on credit risk coverage
Cooperative Insurance Society Egypt (CIS Egypt) is negotiating to offer the country’s third largest state bank,…
200 engineering industries factories benefit from Egypt c.bank SME initiative
200 factories of engineering industries have benefited from the Central Bank of Egypt’s (CBE) initiative designated…
National Bank of Egypt, EIB sign €500 SME loan
The National Bank of Egypt, the biggest state lender in the country, has signed Sunday a €500 million ($544…
National Bank of Egypt to sign EIB’s SME financing deal before month-end
The European Investment Bank (EIB) will sign a €400 million loan deal with the National Bank of Egypt before the…
National Bank of Egypt braces for four-year plan to boost SME financing
National Bank of Egypt (NBE) plans to raise its finances for national small and medium-sized projects to around 70…
Al Baraka Egypt secures Islamic Development Bank $5.6mn SME credit line
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, has secured the Islamic Development Bank’s (IDB)…
Egypt’s SFD negotiating Arab Fund for $50 million finance package
Egypt’s Social Fund for Development (SFD) is negotiating a $50 million financing package from the Arab Fund for…
NIB announces EGP250mn Contribution to Egyptian Start-up Incubator Ayady
Egypt’s state-owned National Investment Bank (NIB) will contribute 250 million Egyptian pounds (around US$35…
Egypt eyes Lowering Public Debt to 85% of GDP – PM
Egyptian government plans to reduce the country’s total public debt from 95% to 85% of GDP in the upcoming period,…
France to Grant Egypt €150mn Loans for Home Gas Delivery and SMEs
France plans to grant Egypt two loans worth €150 million (US$186.4 million) to finance household natural gas…
Egypt Approves US$300mn Loan from World Bank through Presidential Decree
Egypt has approved the contract of comprehensive finance with World Bank amounting to $ 300 million, which was…
Arab Investment Bank’s Capital Raises to EGP1bln and EGP5.09bln Deposits
Arab Investment Bank of Egypt (AIB)'s Extraordinary General Assembly approved to increase its issued capital to…
IDWBE Eyes SMEs Portfolio Hike to EGP750mn by 2014-End
Industrial Development and Workers Bank of Egypt (IDWBE) eyes recording EGP750 million finance for Small and medium…
Egyptian Takaful Insurance Eyes Attaining EGP340 Premiums in FY14/15
Egyptian Takaful Insurance Company eyes attaining EGP340 million premiums within the upcoming fiscal year of…
EBI Says 0.7% Rate of Official Savings Accounts in Egypt Banks
Executive Director of Egyptian Banking Institute (EBI) Mona ElBaradei said the proportion of savings in banks'…
Egyptian Banks Seek Expanding in Retail Banking Sector
Vice Chairman of the National Bank of Egypt Sharif Alawi said retail banking sector has witnessed remarkable…
Egypt’s Export Development Bank Eyes 10% Growth in Loans, Deposits in FY15
The Export Development Bank of Egypt (EDBE) targets a 10% growth in its loans and deposits portfolios by next…
SFD Pumps EGP613mln for SMEs within Q1
The total financing of Small and Medium Sized Projects SMEs hit around EGP613 million within the first quarter of…
Annual Conference of EJB Association Launches Today in Egypt
Mounir Fakhry Abdel Nour has inaugurated today morning the Egyptian Junior Business Association (EJB) , for…
UAB, World Bank to Trace Size of Arab Funding for SMEs Projects
Wissam Fattouh, Secretary General of Union of Arab Banks said the Union has recently signed an agreement with the…
National Bank of Egypt ,SFD Ink Contracts Worth EGP400 mln this Month
The National Bank of Egypt (NBE) and Social Fund for Development (SFD) sign new contracts worth EGP400 million in…
IDWBE Aims to Achieve EGP565 mln Finance for SMEs by 2014-End
The Industrial Development and Workers Bank of Egypt (IDWBE) is seeking to attain EGP565 million financing…
IDWB Pumps EGP200 mln to Support Its Allocation Gap
Hamdy Azzam, board member of the Industrial Development and Workers Bank(IDWB) said the bank pumped EGP200 million…
Egyptian Banks’ Growth Rates Hit 13% in 2012, Enjoying High Liquidity
Chairman of the National Bank of Egypt (NBE) Hisham Okasha asserted that the position of the banks which are…