In 2013, Ahli United Bank – Egypt (AUB) reported total dollar remittances worth US $ 300 million, the lender's CEO revealed to Amwal Al Ghad on Sunday.
Nevine El Messeery – CEO and Managing Director of Ahli United Bank of Egypt – has attributed (...)
The Central Bank of Egypt (CBE) has demanded around EGP45 billion domestic surplus liquidity from the banks which are operating in the banking sector in 7-days 17th auction deposit operations with 9.25% interest.
CBE accepted around EGP40 billion) (...)
Dr Ashraf El Araby, Minister of Planning and International Cooperation said the government is ready to pump much more packages for economy stimulus after finalizing the implementation of the first package's projects but the affair depends on private (...)
The portfolio of non-performing loans of the Arab African International Bank (AAIB), captured 1.4% from the total loan portfolios which reached EGP28 billion at the end of last September.
The bank adopted cash settlements with the customers in light (...)
The Central Bank of Egypt (CBE) has offered today its last foreign exchange auction of this week totaled US$ 40 million for local banks. The central bank is offering on Thursday its 129th FX Auction since application and the 111th since Hesham Ramez (...)
The four banks which are operating in the banking sector including the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire and Commercial International Bank (CIB) are competing to provide suitable funding offers for the Egyptian General (...)
The total assets of the Central Bank of Egypt (CBE) reached around EGP527 billion at the end of last September against EGP554.1 billion at the end of the third week of the last September, move up by 3.2% (EGP17.9 billion).
The recent senior reports (...)
The Central Bank of Egypt (CBE) has offered today its last foreign exchange auction of this week totaled US$ 40 million for local banks. The central bank is offering on Thursday its 128th FX Auction since application and the 110th since Hesham Ramez (...)
The Central Bank of Egypt (CBE) has demanded around EGP40 billion domestic surplus liquidity from the banks which are operating in the banking sector in 7-days 16th auction deposit operations with 9.25% interest.
CBE has accepted around 44% (EGP32 (...)
Dr. Ziad Bahaa El-Din, Egypt's Deputy Prime Minister for Economic Affairs and Minister of International Cooperation, said the details of the second package for economy stimulus will be announced within the second half of the current fiscal year.
He (...)
The Central Bank of Egypt (CBE) is considering supporting and activating the construction and industry sectors with the banks which have been operated in the banking sector.
An official source in CBE explained that the bank has held a meeting with (...)
The Central Bank of Egypt (CBE) has offered today its final foreign exchange auction for this week totaled US$ 40 million for local banks. The central bank is offering on Thursday its 125th FX Auction since application and the 107 since Hesham Ramez (...)
The Egyptian Planning Minister, Dr. Ashraf Al Arabi has asserted that halting the negotiations with the International Monetary Fund (IMF) in the current time doesn't mean cutting ties with the International Finance Corporation.
The Minister added (...)
The Central Bank of Egypt (CBE) has demanded from the banks operating in the banking sector on Tuesday EGP 32 billion in the 15th auction seven-day deposit operations at an interest rate of 9.25%.
This comes after CBE had re-introduced deposit (...)
The Commercial International bank(CIB) is considering pumping new funds with EGP1billion within the next period to four customers in the real estate sector.
An official source in the bank said the funds will be forwarded to the residential and (...)
The National Bank of Egypt (NBE) is considering pumping funds with total value EGP1billion and EGP200million OF food and petroleum sectors.
Senior sources have informed Amwal Al Ghad that NBE is studying granting EGP800 million in favor of 4 firms (...)
The current government is keen to pump more investments, modify development plans and to allow private sector as well as the non-governmental organizations (NGOs) to participate in development plans , said Dr.Sameh El-Shazly ,the Advisor of the (...)
Banque Du Caire's total microfinance portfolio hit around EGP 6 billion by the end of last August.
A senior source from Banque Du Caire told Amwal Al Ghad that his bank has the biggest market share in terms of microfinance for its volume of finances (...)
Credit Agricole Egypt has attainted consolidated profits worthegp516.9milllion at the end of the third quarter of this year, move up by 38.08%(EGP145.2million), against EGP371.6million at the end of the third quarter of 2012.
While the stand-alone (...)
The value of tax and custom collections of the National Bank of Egypt (NBE) reached around EGP 19.5 billion at the end of the first quarter of this year2013-2014, compared to EGP 18.3 billion in 2011-2012.
An official source in NBE has informed (...)
Banque Du Caire has received approval from the Central Bank of Egypt (CBE) in order to inaugurate 4 fresh branches along with 5 other subsidiaries approved by the CBE within the last year in order to open them during 2014 in Upper Egypt, Menoufia, (...)
The Central Bank of Egypt (CBE) has offered today its final foreign exchange auction for this week totaled US$ 40 million for local banks. The central bank is offering on Thursday its 119th FX Auction since application and the 102 since Hesham Ramez (...)
An official source at Banque Du Caire has told Amwal Al Ghad that the bank is targeting to boost its business loans to EGP 200 million by the end of the current year of 2013.
The source has informed Amwal Al Ghad that the bank is currently working (...)
The Central Bank of Egypt (CBE) has offered today its final foreign exchange auction for this week totaled US$ 40 million for local banks. The central bank is offering on Thursday its 118th FX Auction since application and the 101 since Hesham Ramez (...)
The Governor of the Central Bank of Egypt, Hisham Ramez, has asserted that the Egyptian economy has a promising advancement opportunities, stressing that the interim government is working to amend the current legislative structure to stimulate and (...)