United Bank reduced non-performing loans portfolio from EGP 6.1 billion to less than EGP one billion in the last three years till the end of last March, said Mohamed Ashmawy, chairman of the Bank.
Ashmway added in an interview with Amwal Al Ghad (...)
Egyptian Arab Land Bank (EALB) has settled EGP 700 million debts of some of the bank's faltering customers at the period from last September to last March.
Mohamed El-Atreby, chairman of EALB, told Amwal Al Ghad that the Bank's assets portfolio (...)
Federation of Egyptian Banks (FEB) considers assigning a committee to study the applications submitted from faltering factories to be refinanced if proven to be serious, said Tarek Amer, chairman of FEB and National Bank of Egypt (NBE).
Such a move (...)
