Banque Misr, Commercial International Bank (CIB), Banque Du Caire and Bank Audi Egypt consider arranging a finance ranging from US$ 200 million to US$ 250 million to an Australian Mining Company which works in the field of mineral exploration in (...)
Banque Du Caire has given an in-principle approval to act as an underwriter of the EGP 2.9 billion loan arranged for the Egyptian Company for Mobile Services (Mobinil) by contributing with EGP 300 million to the loan.
Sources told Amwal Al Ghad that (...)
Dr. Mohsen El-Batran, chairman of the Principal Bank for Development and Agricultural Credit, revealed to Amwal Al Ghad the bank's general strategy for the next five years, saying it targets to expand in financing micro and small enterprises through (...)
The five banks, which arranged the long-term US$ 1.250 billion loan for the Egyptian Company for Ethylene, will sign the initial loan agreement today.
Al loan guarantee amounting to EGP one billion will cover the loan arranged by the consortium, (...)
The National Bank of Egypt (NBE) negotiates with the Arab Company for Special Steel (ARCOSTEEL) over settling EGP 1.2 billion worth of debt owed by the company since years.
These negotiations have started two weeks ago and a deal is expected to be (...)
Arrangers of the syndicated loan to be offered to Egyptian Company for Ethylene have signed the terms sheet of the US$ 1 billion loan last week.
The final loan agreement will be signed two months after signing the terms sheet, sources said. The loan (...)
Bank Audi is participating in 20 syndicated loan deals and plans to participate, arrange and guarantee more syndicated loans in the upcoming period, Mohamed Sabry Adly, head of syndicated loans department at Bank Audi, said.
Adly told Amwal Al Ghad (...)
Bank Audi's investments in government debt instruments rose to EGP 5 billion; of which EGP 4.5 billion in treasury bills, and EGP 500 million in government bonds, Moustafa Gamal, head of treasury at Bank Audi, said.
Treasury department is the second (...)
Doaa Zaki, head of wealth management and top customers department at Bank Audi, said the Bank will assign a special department for top customers by the second half of the current fiscal year.
The new department will serve customers whose deposits (...)
Ahli United Bank-Egypt, subsidiary of Bahraini Ali United Group, raised its paid up capital by 50%, reaching EGP 1.125 billion in 2011, compared with EGP 750 million in 2010. AUB Egypt's general assembly approved distributing capital on 112.5 (...)
Central Bank of Egypt (CBE) announced that Arab International Bank's (AIB) Extraordinary General Assembly approved amending some articles of its statute so as to be under the supervision and monitoring of CBE, Egypt's banking and monetary (...)