Egypt Post Offers Suez Canal Certificates through Nationwide Offices
Egypt Post started offering Suez Canal investment certificates for clients from 1600 of its offices across…
Browsing Tag
Suez Canal Bank
Egyptian Industries Federation Invests EGP25 million in New Suez Canal Project
Federation of Egyptian Industries (FEI) purchased EGP 25 million (USD 3.5 million) worth of investment certificates…
GIG Insurance Invests EGP5 million in New Suez Canal Project
Egypt’s Arab Misr Insurance Group (GIG) bought today EGP 5 million (USD 699.056) worth of investment certificates…
Egypt Raises EGP8 billion on Day Four for New Suez Canal
8 billion Egyptian pounds (US$1.12 billion) were raised on the fourth day of selling Suez Canal investment…
Suez Canal Insurance Invests EGP10mn in New Suez Canal Project
Suez Canal Insurance has bought today EGP 10 million worth of investment certificates dedicated to finance the new…
Egypt Raises EGP5.5 billion on Day Three for New Suez Canal
5.5 billion Egyptian pounds (around US$769 million) were raised on the third day of selling Suez Canal investment…
United Bank to Sell Suez Canal Investment Certificates
In cooperation with the Suez Canal Bank, the United Bank announced Sunday that it will start selling the investment…
Revenues of Suez Canal Certificates Hit EGP6bn on First Day
On the first day of release, Egypt’s banks sold over EGP 6 billion (around $856 million) worth of investment…
Misr Life Insurance Invests EGP150 million in New Suez Canal Project
Misr Life Insurance allocates a portion of its portfolio to buy EGP 150 million worth of investment certificates…
EALB Inks Settlement Deals with Customer in Default worth EGP300mn
Egyptian Arab Land Bank(EALB), Suez Canal Bank and Bank Barclays signed settlement contracts with customer in…
4 Banks Eyes Suez Canal Investment Certificates Issuance Monday
Four Egyptian banks are targeting the issuance of investment certificates next Monday, dedicated to fund the new…
Suez Canal Bank Eyes 50% Growth in Assets in 3 Years
Egypt’s Suez Canal Bank plans to boost its market shares by increasing assets with 50% by the end of 2016, chairman…
Suez Canal Bank Eyes to Attain EGP200 mln Finance for SMEs Projects by 2014-End
Sherif Fakhry, Head of SMEs Projects in Suez Canal Bank said the total funds of the bank for SMEs projects reached…
Banque Du Caire, 11 Banks Secure EGP3 bn Loan for Petroleum Sector
Banque Du Caire S.A.E. along with 11 banks signed on Monday financing contracts worth EGP3 billion (around $431…
NBE Issues $460 mln Letters of Credit for EGPA to Import Kuwaiti oil
The National Bank of Egypt (NBE) has issued $462 million letters of credit in favor of the Egyptian General…
Key Shareholders Mull Immediate Rescue Plan for Suez Canal Bank’s Bad Loans
Suez Canal Bank (SCB)’s two major shareholders are studying to offer an immediate funding package to comply with…
Suez Canal Bank: EGP5 bln Loan Portfolio In June 2013
Suez Canal Bank’s loan portfolio and facilities hiked to EGP 5.002 billion by the end of June 2013 compared to EGP…
Suez Canal Bank Raises Net Income To EGP 440 Mln In 2012
Suez Canal Bank’s general assembly approved yesterday the financial statements for 2012 which reveal that the…
Four Banks Seize Reemyvera Village To Settle EGP 380 Mln Debt
The National Bank of Egypt (NBE), Banque Misr, Egyptian Arab Land Bank (EALB) and Suez Canal Bank seized Reemyvera…
Suez Canal Bank’s Islamic Banking Transactions Hit EGP 950 Mln At End-2012
Suez Canal Bank’s Islamic banking transactions reached EGP 950 million at the end of 2012, registering an annual…
Suez Canal Bank To Launch Three New Branches In 2013
Suez Canal Bank has received the Central Bank of Egypt’s (CBE) approval to launch three new branches this year to…
Get To Know Egypt’s Potential CBE Governor; Hisham Ramez
On December 22nd, the Egyptian president Mohamed Morsi has met with CIB's Managing Director Hisham Ramez. News were…
Suez Canal Bank’s Islamic Transactions Hit EGP 900 Mln
Suez Canal Bank’s Islamic banking transactions surged by EGP 200 million during the period from the end of…
Fitch Affirms Suez Canal Bank At ‘BBB(egy)’; Withdraws Ratings
Fitch Ratings has affirmed and simultaneously withdrawn Suez Canal Bank's (CANA) National Long-term Rating at…
Suez Canal Bank’s Surplus Profit Hit EGP 124.9 Mln Last September
Suez Canal Bank’s pre-provision surplus profit surged to EGP 124.9 million at the end of last September, compared…
Suez Canal Bank To Launch Sukuk Soon
The Suez Canal Bank targets to launch a number of sharia-compliant products such as sukuk (Islamic bonds) during…
Suez Canal Bank’s Islamic Finances Hit EGP 700 Mln In H1 2012
Suez Canal Bank offered EGP 700 million worth of sharia-compliant finances by the end of the first half of 2012,…
Suez Canal Bank Allocates EGP 500 Mln For Infrastructure Projects
Suez Canal Bank has allocated EGP 500 million (US$ 83 million) to disburse as syndicated loans to finance…
Al Nasharty: Negotiations With NBE & SC Bank Begin Next Week
Tarek Abdel Aziz, legal consultant of Amr Al Nasharty chairman of Sainsbury's Group, said that the negotiations…
Argument on Al Nasharty’s Debt Settlement
Bankers have different opinions on the chairman of Sainsubry’s Group Amr Al Nasharty’s settlement deal of EGP 377…
Al Nasharty Returns Egypt To Sign Debt Settlement Deal
Amr Al Nasharty, chairman of Sainsbury's Group, returned to Egypt on Tuesday after residing in London for nine…
NBE Settles Al Nasharty’s debts
National Bank of Egypt to settle the EGP 377 million debts of Amr Al Nasharty, chairman of Sainsbury‘s Group,…