BANKING

01 Aug 2015

Egypt’s CB keeps benchmark interest rates unchanged

Egypt’s central bank (CB) kept its benchmark interest rates unchanged at a monetary policy committee meeting late on Thursday.

The overnight deposit rate remained 8.75 per cent and the overnight lending rate was steady at 9.75.

The key CBE rates “are currently appropriate” considering the balance of risks that include both inflation...

Continue Reading

29 Jul 2015

Barclays Africa hastens talks to buy banks in Egypt, Zim

Barclays Africa Group [JSE:BGA] said talks to buy its parent company’s operations in Egypt and Zimbabwe have been accelerated following management changes at Barclays.


“Our ambition is to do the"......

Continue Reading

29 Jul 2015

Deutsche Bank, HSBC said arranging $3.7 bln Egypt power loan

Egypt, the most populous Arab country, is seeking to raise about $3.7 billion in loans to fund power plants after signing a deal with Siemens AG to build the projects, according to three people with knowledge of the plan.


"...

Continue Reading

26 Jul 2015

Customers have right to check validity of their credit records: I-Score

Individuals, as well as small and medium enterprises, can check the validity of their credit records on their own, through asking for Self Inquiry via bank portals and the member companies that offer this service, according to Mohamed Refaat, I-Score Managing Director and Board Member.

...

Continue Reading

26 Jul 2015

NBE launches first interactive teller machine in Egypt

The National Bank of Egypt (NBE) has launched the first interactive teller machine (ITM) in the Egyptian market, according to Alaa Farouk, Head of Retail at the bank.


Farouk explained that the machine’s use is to assure the bank’s keenness on offering the best banking services in the way that suits"......

Continue Reading

25 Jul 2015

Moody’s changes Afreximbank’s rating outlook to “Stable”

Moody's Investors Service announced today that it has changed the outlook on the Baa2 long-term issuer rating of the African Export-Import Bank (Afreximbank) from negative to stable. Concurrently, the rating agency also affirmed Afreximbank's Baa2/P-2 long and short-term ratings.


"...

Continue Reading

25 Jul 2015

Egypt to raise 7B EGP in T-bills Sunday

The Central Bank of Egypt (CBE) on behalf of the Ministry of Finance is set to auction 7 billion EGP ($894.4 million) in treasury bills Sunday, according to the bank’s official website.


Egypt’s"...

Continue Reading

16 Jul 2015

ZTE Becomes One of the First Group of Partners in China Mobile Open NFV Test Lab

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, is pleased to be selected as one of the first group of partners in China Mobile’s Open NFV Test lab, aiming at driving"...

Continue Reading

15 Jul 2015

Banks acquire 78.4% of total issued treasury bills till April: CBE

Banks working in the Egyptian market acquired 78.4% of the treasury bills the government issued until the end of last April, according to the Central Bank of Egypt (CBE).


In a recent report, the CBE said total outstanding balances of treasury bills amounted to EGP 512.984bn"......

Continue Reading

12 Jul 2015

United Bank of Egypt to grant 100 Awards to MasterCard ‘Rakhaa’ Users

The United Bank of Egypt plans to grant 100 awards to its clients who hold the MasterCard “Rakhaa”, considered to be the first credit card which meets Shari’a provisions in Egypt.


...

Continue Reading
Found articles: 15 - Pages  1 2 
Contact US | Powered by CNPHUB.com - All Rights Reserved