The National Bank of Egypt (NBE), Banque Misr, Alex Bank and Arab African International Bank (AAIB) disbursed 517,000 yellow remittances worth EGP 1.941 billion by the end of Monday June 18th.
NBE disbursed 110,000 yellow remittances worth EGP 395 (...)
In case of being approved by the Central Bank, National Bank of Egypt (NBE) will raise its capital to EGP 12 billion based on its human and material capabilities which will enable it to achieve high profits in the upcoming years, said Tarek (...)
Tarek Amer, president of FEB and NBE, said the verdict on the former president is one of the greatest achievements of Jan 25 revolution.
During the conference of SMEs, Amer referred to the necessity of considering the Egyptian youth who sacrificed (...)
Tarek Amer, chairman of Federation of Egyptian Banks, said small and medium enterprises (SMEs) are a national security matter because of their major role in contributing in national income, increasing gross domestic product (GDP), creating job (...)
The return on Egyptian dollar certificates of deposit, offered by seven Egyptian banks for Egyptians working in Arab countries, reached US$ 40 million at the end of last week, said Tarek Amer, chairman of National Bank of Egypt (NBE). Sources said (...)
Mohammed Refaat Al Houshy, managing director of the Egyptian Credit Bureau I-Score, called on the formation of a SME bank to lend, monitor and supervise small and medium enterprises (SMEs) together with a loan guarantee company.
At the SMEs (...)
The National Bank of Egypt (NBE) has signed three finance agreements worth EGP 450 million with Social Fund for Development (SFD) to finance SMEs.
Sources said NBE signed a contract worth EGP 100 million to finance projects of physicians and (...)
Central Bank of Egypt (CBE) said foreign reserves rose by US$302 million in May, their second successive monthly increase after having fallen every month since the uprising that ousted Hosni Mubarak in early 2011.
Foreign reserves climbed to (...)
Social Fund for Development (SFD) is signing franchise finance contracts with value of EGP 120 million with National Bank of Egypt, Bank Audi, United Bank and Industrial Development and Workers Bank of Egypt (IDBE).
Essam El-Korashy, head of SMEs (...)
Arab African International Bank (AAIB) targets to increase its customers' deposits by a rate ranging from 15% to 20% during this year. AAIB's deposits reached EGP 31 billion at the end of last April, with an increase of EGP 1.5 billion up from the (...)
Ahli United Bank (AUB) prepared final documents of “Alpha" investment fund to be sent to Egyptian Financial Supervisory Authority (EFSA) next week for final approval. The fund, expected to be launched after presidential election, invests in (...)
Arab African International Bank (AAIB) plans to increase retail banking portfolio by EGP 300 million, to register EGP 1.6 billion by the end of this year, up from EGP 1.3 billion at the end of last April, said Amr Abdelal, head of branches and (...)
Alex Bank Intesa Sanpaolo said the personal loans registered 66% of the total retail banking portfolio that reached grew by 800 million, registering EGP 8.9 billion at the end of last March.
Retail banking department said the total volume of (...)
The volume of finances offered by Alex Bank, subsidiary of Intesa Sanpaolo Group, to small and medium enterprises (SMEs) registered EGP one billion at the end of the first quarter of the current year.
Sources told Amwal Al Ghad that the volume of (...)
Alex Bank, subsidiary of Intesa Sanpaolo Group, intends implementing 60 more ATMs to reach 320 ATMs, up from 260 ones in 2011.
Basel Rahmy, general manager of retail banking department, told Amwal Al Ghad that the Bank targets developing 20 branches (...)
The volume of finances offered by Alex Bank, subsidiary of Intesa Sanpaolo Group, to small enterprises registered EGP 100 million at the end of last March.
Sources told Amwal Al Ghad that the Bank offered EGP 205 million to small enterprises, as (...)
Alex Bank plans to increase its loans to small enterprises by 25% to reach EGP 257 million by the end of 2012, sources told Amwal Al Ghad.
Sources added the bank offered EGP 205 million loans to small enterprises as registered in last March.
The (...)
AlexBank, subsidiary of Intesa Sanpaolo Group, reported EGP 100 million in mortgage portfolio at the end of last March.
Basel Rahmy, general manager of retail banking department at Alexbank, said that the Bank does not target expanding in mortgage (...)
Deposits of AlexBank, subsidiary of Intesa Sanpaolo Group, grew 8% as they registered EGP 30.3 billion in last March, up from EGP 22.3 billion in 2010. In addition, Individual deposits reached EGP 26.7 billion last March.
Basel Rahmy, head of retail (...)
National Bank of Egypt (NBE) is amending the credit conditions of car loan programs this month as it targets increasing the portfolio by EGP 40 million to register EGP 240 million in this fiscal year, compared with EGP 200 million at the end of last (...)
AlexBank Sao Paulo targets increasing car loans portfolio by EGP 300 million to register EGP 1.5 billion by the end of 2012.
Basel Rahmy, head of retail banking and branches, said that the volume of car loans offered by the Bank reached EGP 1.170 (...)
AlexBank Sao Paulo's retail banking portfolio rose by EGP 800 million, registering 8.9 billion at the end of March, compared with EGP 8.1 billion at the end of 2011.
Basel Rahmy, head of retail banking at AlexBank, said that the bank targets raising (...)
AlexBank Sao Paulo disbursed EGP 400 million the value of 100 thousand yellow remittances, money owed by Iraq to Egyptian workers who left the country during the first Gulf War in the 1990s, since April 1st till today, Basel Rahmy, general manager (...)
National Bank of Egypt (NBE)'s retail banking portfolio rose by EGP 200 million, registering EGP 18.7 billion at the end of the third quarter, compared with EGP 18.5 billion at the end of last December.
Hazem Hegazy, head of retail banking and (...)
National Bank of Egypt (NBE) studies offering a new finance product that will meet the needs of governmental and private schools, as part of the Bank's plans to expand in SMEs during the fourth quarter of the current fiscal year.
Soha Soliman, head (...)