Hossam Mounir

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Latest by Hossam Mounir

CAPMAS embarks on fieldwork of fifth economic census 2018

Census aims to provide complete picture of structure, characteristics of various economic activities, their geographical distribution: Barakat

Government intends to borrow EGP 473.75bn in Q1 of 2019 to bridge budget gap

Finance Ministry to float T-bonds, bills worth EGP 181.5bn by January, EGP 146bn by February, EGP 146.25bn by March

MSMEs account for 75% of ABE’s loans portfolio by end October: chairperson

Bank pumped EGP 605m to 1,314 clients in CBE’s initiative, says Elkosayer

HDB profits scored EGP 1.393bn end September: chairperson

Bank’s housing projects profits increased to EGP 370.3m end of September, up by 24.7%

United Bank shifting from losses to profits, earning over EGP 1bn: chairperson

Bank injected EGP 136m to 1,800 low- and middle-income mortgage financing clients, says El-Kady

Suez Canal Bank’s financial position stands at EGP 45.3bn end-September: chairperson

Syndicates loans up by EGP 1.8n to EGP 4.8bn, as bank jointly finances 11 loans to strategic, development sectors

Government-owned, private banks reduce investments in T-bills by EGP 31.2bn in November 2018: CBE

Foreign banks working in Egypt take different stance, increase investments by EGP 3.87bn, against foreign investors’ direction since April 2018

CBE Governor, Libyan bank delegation, discuss fortifying mutual cooperation, exchanging experiences between two sides

Both sides agree on economic issues, pay great attention to technical support, training programmes: CBE

CBE to review interest rates on Thursday as 2018 meetings conclude

Strong hopes rates to remain stable for 6th consecutive time; 16.75% for deposit;17.75% for lending; 17.25% for credit, discount

Realme smartphones to launch in Egyptian market in January ‘19

We target Egyptian youth with promising opportunities to contribute to our ambitions: Nabil

IDB grants EGP 50m to Tamweely Microfinance to re-lend to projects for low-income groups, most vulnerable

MSMEs portfolio reached EGP 3.4bn, EGP 750m in pipeline: Fahmy

MERIS confirms HDB rating at A- with stable outlook

Bank’s rating reflects relative improvement in banking sector in Egypt

CBE unlikely to extend initiative to settle bad debts

Weak turnout by defaulters, 6 months enough for those who want to settle their debts: prominent banker

ABE launches Agri Phone service with e-finance, Progress Soft

Bank aims to provide new mobile payment channels in line with technology, latest solutions: Elkosayer

Banque du Caire wired link on Tahweel network, launches mobile wallet deposit, withdraw service via ATMs

Service allows mobile phone customers to securely withdraw, deposit cash any time, supports financial inclusion: Fayed

NBE aims to open 5 new digital branches in 3 months: deputy chairperson

Bank is working to employ technological infrastructure, modern software available to provide best service for its customers: El-Baz

Banque Misr issued 6.32m cards by end of June 2018

Bank aims to be present in coming period in Milan, Seoul, Nairobi, more African countries

Metropolitan Egypt Consulting aims to increase its business to EGP 750m in 2019

Firm intends to open new branches, beginning with Alexandria, Assiut in Q1 of 2019

CBE reviews initiative to settle troubled debts: Amer

Initiative includes settlement of debts of 3,500 companies, 337,000 individuals

Outstanding balance of local T-bonds fall by EGP 8bn at November-end: Finance Ministry

T-bonds worth EGP 15bn due in December, remaining balances due between February 2019, November 2028

CBE extends initiative to support tourism sector until end-December 2019

The Central Bank of Egypt’s (CBE) board of directors decided to extend its initiative to support the tourism sector until the end of December 2019. According to the CBE, during this period all applications to postpone dues to banks will be accepted for a period up to three years. The CBE has launched this initiative …