Hossam Mounir

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CIB seeks to attract Vodafone, Etisalat to Automated Clearing House service

The Commercial International Bank-Egypt (CIB) will activate an agreement with Vodafone-Egypt and Etisalat-Egypt to include them in its Automated Clearing House (ACH) service in the upcoming period, according to a CIB official. According to the source, CIB has conducted 650,000 transactions through the ACH-Debit service within the first six months of 2015, with the number …

Hossam Mounir

Customers have right to check validity of their credit records: I-Score

Individuals, as well as small and medium enterprises, can check the validity of their credit records on their own, through asking for Self Inquiry via bank portals and the member companies that offer this service, according to Mohamed Refaat, I-Score Managing Director and Board Member. Refaat explained that if the customers find a mistake in …

Hossam Mounir

Clients have right to object to credit reports: I-Score Managing Director

Clients have the right to raise complaints to object to the incorrect data and reports in the their credit reports within 15 days from the date of receiving reports, according to managing director of I-Score company, Mohamed Refaat. If no complaints are made during this period, data and information in reports will be considered correct …

Hossam Mounir

Throughout 2012, Egypt’s Social Fund for Development (SFD) signed a number of contracts with foreign countries totalling $418m. (Photo: Courtesy of Facebook Fan Page)

25 banks contribute to I-Score’s capital alongside the SFD

Banks in the Egyptian market are contributing to I-Score alongside the Social Fund for Development (SFD). The list of banks include the National Bank of Egypt (NBE), Al-Ahli United Bank, HSBC, Banque Misr, Alex Bank, Intesa SanPaolo bank, Union National Bank-Egypt, Commercial International Bank-Egypt, Qatar National Bank (QNB), and Al Baraka Bank-Egypt. The Industrial Development …

Hossam Mounir