BANKING

14 Jun 2015

Banks await Majid Al Futtaim announcement on funding alliance: ‏Bank Audi Egypt

Egyptian banks are awaiting Majid Al Futtaim Properties to decide on the offers it received from two alliances of 12 banks to grant around EGP 2.4bn, said Bank Audi Egypt’s General Manager Mohamed Abbas Fayed.


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10 Jun 2015

Egypt’s central bank to consider interest rates Thursday

The Central Bank of Egypt (CBE) is set to consider interest rates in a Thursday meeting, according to its website, amid expectations of keeping them on hold as inflation recorded a slight decline in April.


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10 Jun 2015

HSBC dismisses employees, management in Egypt remains silent

HSBC announced Tuesday a new strategy to improve its performance and decrease expenditure, including the dismissing thousands of its employees in the UK and worldwide.


According to a bank statement, 8,000 employees out of 48,000 employees who work in the bank’s UK branches will be affected. A further 20,000"......

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08 Jun 2015

Barclays Egypt Cooperates With E-Finance

Making sure to offer new banking services and facilitate transactions for its clients, Barclays Egypt has launched taxes and customs duties E-payment service for the corporate and investment sector. The new service has been launched in cooperation with e-Finance.


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07 Jun 2015

12 new United Bank branches in 18 months: Mohamed Ashmawi

The United Bank will open 12 new branches in 11 governorates in 18 months, according to the bank’s Chairman and Managing Director Mohamed Ashmawi.

The new openings will bring the total number of the bank’s branches to 62, covering all Egypt’s governorates.

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07 Jun 2015

CIB receives 5 international awards in 1H of 2015

The Commercial International Bank (CIB) Egypt received five international awards during the first half of the current year, according to a statement from the bank.

The Disaster Recovery Institute International (DRII) granted the bank the Team of the Year award, the first time ever"...

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03 Jun 2015

NBAD hosts ‘Egypt on the Rise - West-East Corridor’ Forum

A panel of business leaders, bankers, investors and regulators have highlighted that there is strong appetite to invest in Egypt, during ‘Egypt on the Rise - West-East Corridor’ Forum hosted by the National Bank of Abu Dhabi, NBAD.


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02 Jun 2015

HSBC considering financing Egyptian projects: Amr Bahey

HSBC Egypt is considering financing a number of major projects in the energy, infrastructure, petrochemicals, and construction investments sectors, according to Amr Bahey, Head of Large Corporates at HSBC Egypt.


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02 Jun 2015

Intellect wins three awards at the Asian Banker Awards 2015, for Core Banking and Multi-Channel Implementations

Best Single Country Core Banking Implementation in the Middle East


Best Single Country Core Banking Implementation in Africa


Best Multi-Channel Implementation"......

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30 May 2015

S&P boosts outlook for Egyptian banks

Standard & Poor’s said it had raised its outlook on three of the biggest Egyptian banks to positive from stable following the agency’s upgrade two weeks ago on the outlook for the country as a whole.

S&P at the same time affirmed its B-C long- and short-term ratings for the three banks – National Bank of Egypt, Banque Misr...

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