BANKING

26 Jan 2016

$500M delivered to Egypt Jan 7: African Development Bank official

Growth in Egypt has been increasing, from 2 percent in 2011-2013 to 4.6% in 2014-2015, and private investment has grown 22.8% in 2014-2015 due to gas sector growth, said Leila F. Mokaddem, the Resident Representative of the African Development Bank in the Egypt Field Office.


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24 Jan 2016

Banks race to implement CBE’s programme for funding SMEs

The banks operating in the Egyptian market are racing to implement the programme launched by the Central Bank of Egypt (CBE) on 10 January to support the small and medium enterprises (SMEs).

Banque Misr, the second biggest public bank in Egypt, began last week proposing funding products"...

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21 Jan 2016

Egypt participates in IOSCO GEM-C 2016 in Indonesia’s Bali

Egypt is sending an official delegation to Bali, Indonesia to take part in the Growth and Emerging Markets Committee Conference of world's largest organisation of financial regulators (IOSCO).


The"...

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21 Jan 2016

Egypt’s National Bank applies for Yuan licence

National Bank of Egypt (NBE), the country’s largest state bank, is seeking a licence to conduct local-currency banking in mainland China, through its Shanghai branch.


NBE would be the first Egyptian, Arab, and African bank to join a growing list of foreign banks seeking to beef up yuan-related services amid"......

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20 Jan 2016

Two major banks mulling listing on Egypt bourse: c.bank chief

Egypt's central bank is considering listing shares in two major banks on Cairo bourse, chief Tarek Amer announced Tuesday.

Amer did not specify which banks would be offered, yet he said the Egyptian government is a main shareholder in the two banks.


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19 Jan 2016

NYIF Partners With Exchange Experts to Advise Emerging and Frontier Markets

The New York Institute of Finance announced today that it is partnering with the Global Markets Advisory Group to offer comprehensive consulting services to financial regulators, exchange operators and market participants in emerging and frontier markets.


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17 Jan 2016

Egypt’s National Bank secures $46.6mn for defaulting industrial sector clients

National Bank of Egypt, the country’s biggest state-run bank, is offering new credit facilities worth 365 million Egyptian pounds (US$46.6 million) to support 15 defaulting industrial sector client, said board member Yehia Aboul Fotouh.


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14 Jan 2016

Emirates NBD renews partnership for 5 years with Allianz Egypt

Emirates NBD prepares a strong start to 2016 in banking sector; putting its customer relationship as its highest priority & Meeting customer’s needs as its main target.


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13 Jan 2016

QNB Group: Financial Results for the Year Ended 31 December 2015

QNB Group, a leading bank in the Middle East and Africa, continued to record robust growth in profitability, with Net Profit for 2015 amounting to QR11.3 billion (USD3.1 billion), up by 7.7% compared to 2014.

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12 Jan 2016

ADIB-Egypt expands branches network by inaugurating 8 new branches

Abu Dhabi Islamic Bank (ABID) decided to redistribute its 70 branches in Egypt. The decision comes as the bank hopes to improve customer accessibility, according to ABID Consumer Banking Head Ahmed Effat.


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