Banque Misr and Tharwa Capital arrange the issue of securitisation bonds for Tharwa Secularisation worth EGP 174m
Bank arranged, promoted, and managed 15 offerings of bonds for companies and agencies since 2010 worth EGP 9bn
Hossam Mounir
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Banque Misr finances first phase of “Mowasalat Misr” project
The bank signs two cooperation protocols worth EGP 400m to support educational programmes and scientific research
5 banks pump EGP 37.4bn to support electricity sector
EEHC obtains EGP 19.4bn, EETC gets EGP 18bn
Remittances from expatriate Egyptians rose 11.1% in May
The remittances stood at $1.7 billion against $1.5 billion a year earlier
Egypt, Tunisia exchange experiences in support of SMEs
Gamea meets Hammami to discuss means of cooperation between the two countries in the field of employment and support of youth skills
IDWBE deposits up by EGP 3.01bn, loans by EGP 2.3bn in H1 2017
Net profit of EGP 145m by end of June 2017 against EGP 86m in 2016, says Fahmy
Volume of NBE’s financial position reached EGP 1.3tn by end of FY 2016/2017: bank’s vice chairperson
Bank’s net profits EGP 12.5bn by end of June 2017: Abu El-Fotouh
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Return on debt instruments hits 12-year high
Different reactions to interest rate, 2% raise in interest rate at CBE
SMEDA signs 10 contracts with NGOs to finance micro projects worth EGP 12.2m
The contracts will benefit 2,635 in eight governorates, through providing micro-loans up to maximum EGP 10,000, says Gamea
NBE meets investors of industrial zones in Beni Suef, Minya, and Assiut
Bank’s SME loans portfolio amounted to EGP 32bn to 53,000 projects
CBE promotes 5 senior officials to deputy governor
Ramy Abu al-Naga took over monetary markets and reserve management, Essmat Hussein for payment systems, Mai Abu al-Naga for controlling banks, Mohamed Ibrahim for internal internal auditing and Hany Omar for security sector
Size of outstanding T-bonds decline by EGP 5.6bn in June 2017: Finance Ministry
The size of outstanding balances of treasury bonds (T-bonds) owed by the government by the end of June 2017 declined by EGP 5.618bn to reach EGP 677.459bn, down from EGP 683.078bn in May 2017, according to the Ministry of Finance. A recent report issued by the Ministry of Finance details two types of bonds in …
Government banks rule out offering new savings certificates with return of 25%
NBE meets at end of the week to determine the fate of its interest rates, Banque du Caire next week, Banque Misr still has no date
Egyptian pound fist to fist with US dollar yet again
Local currency began appreciating again by 21 piastres in four days, market awaits its trend until the end of the year
NBE does not intend to issue bonds on foreign markets: vice chairperson
We aim to offer the bonds with a suitable return and the delay in offering is better, says Abu Al-Fotouh
United Bank to reduce its troubled debt portfolio to less than EGP 2bn by 2017 end: chairperson
The bank seeks to increase its profits by more than 100% by the end of this year, says El Kadi
Banks consider impact of CBE’s decision to hike interest rates this week
CBE’s decision aims to curb inflation and ease its impacts after moving fuel prices, purchasing power expected to increase, says Negm
Analysts expect CBE to keep interest rate unchanged after Thursday meeting
Seven out of nine analysts and investment banks expect CBE to keep current rates unchanged
US dollar embarks on new wave of decline against pound, loses 20 piastres in 2 days
Banks give their clients up to $2,000 cash with no documents but precedent transactions
Egypt’s exports to international complexes amount to EGP 339.2bn, versus EGP 605bn of imports in 2016: CAPMAS
EU is top supplier, AFTA ranks first importer
Private industrial sector accounted for 62.4% of credit facilities granted by banks to non-government economic sectors at the end of March 2017: CBE
The industrial sector accounted for 36.5% of the total credit facilities granted by banks; services for 28.5%; trade for 10.5%; and agriculture for 1.1%
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter of 2017, top 10 banks mark profits of EGP 26.234bn
Nonperforming loans drop to 5.7% of total loans at banks by March end: CBE
Ratio of loans to deposits in local currency rose to 40.2%, ratio of loans to deposits in foreign currencies fell to 62.8% in March
The government aims at borrowing EGP 371bn to fund budget deficit during Q1 of new FY
Ministry of Finance offers T-bills worth EGP 349.5bn and bonds worth EGP 21.5bn from July until the end of September 2017
Banque du Caire, Inmaa signs joint venture agreement to finance SMEs
Cooperation aims to simplify and facilitate financing procedures for SMEs, enable small investors to expand, provide necessary liquidity to start their business
Cooperation aims to simplify and facilitate financing procedures for SMEs, enable small investors to expand, provide necessary liquidity to start their business
Al-Assar, de Cartier discuss cooperation between Egypt and Belgium in civil and defense industries
Belgium has many companies that welcome cooperation with Egyptian military production companies, says de Cartier
SMEDA signs EGP 150m contract for microlending with Banuqe du Caire
The loan is worth EGP 30,000, about 15,000 projects will be financed in Qena, Souhag, Assiut, Minya, Beni Suef, Behira, Kafr Al Sheikh: Gamea
United Bank signs MoU with EBRD to support SMEs
The rehabilitation of local SMEs for global competition is the real hope to maximise domestic output, says Kashmiri
Lifting foreign exchange transfer constraints is a new message from CBE that Egypt overcame foreign currency crisis: experts
The decision boosts confidence in the Egyptian economy, contributes to attracting more foreign investment flows, Egyptians’ savings abroad, says Amer
CBE reveals foreign exchange status after flotation
$8bn in remittances from Egyptian expats from November 2016 until the end of March 2017