Total loans granted to agricultural projects reach EGP 14.2bn in 2018/18 up from EGP 9.6bn in 2016/17
Latest by Hossam Mounir
Falling inflation and US interest paves the way for CBE to cut its core interest rates, say analysts
Bank’s credit portfolio increased to EGP 11bn end-July, of which EGP 1.6bn were loans to individuals, and EGP 3.2bn to SMEs, says Azzam
CBE set accepted yield minimum at 1.4%, maximum at 1.5%, average at 1.49%
Fayed statement came on the sidelines of the loan signing ceremony with real estate developer Inertia. He explained that the offering would be through a capital increase and the sale of a stake to a strategic investor, targeting around $300-400m.
54 clients would benefit from this protocol to provide them with the necessary financing for their factories, says IDB chairperson
T-Bills balances reached EGP 1.203tn, T-Bonds at EGP 766.36bn, in addition to international bonds of $23.21bn, €4bn, says Finance Ministry
CIB – Egypt tops the list by EGP 5.355bn profits, QNB Alahli comes second by EGP 4.217bn
Inflation continued to slow in July despite subsidy reforms influenced by its reading in the comparative period and its low reading in June
Beltone added that the bank’s operating expenditure increased by 11.1%, maintaining the cost to income ratio at 23.1%, while credit impairment losses showed a healthy decline of 47%, which led to a decrease in the cost of risk by 173 basis points to 148 points.
The CBE affirmed that these standards comes in the framework of the CBE’s continuous endeavour to maintain the sound performance of the banking system.
According to the CBE, Egypt’s current net foreign reserves covers more than 8 months of commodity imports.
Bank aims to expand in retail banking, attract new customer segments, says EALB chairperson
New standard reinforces CBE’s ability to improve monetary policy
Funding increased by EGP 4.04bn in a year, clients up 14.1%
New accounts opened free of charge, special offers made on 1-15 August
Foreign debt reached 35.1% of GDP at end December 2018, compared to 61.4% of GDP in European coutnries, EMs, and 41.9% in Commonwealth countries
Saudi Arabia is Egypt’s top lender with total debt of $8.7bn
Bank profits grow 47% year-over-year, says Farouk
New fund receives EGP 80m from Tahya Misr Fund, EGP 20m from Ministry of Endowments
Since its inception, agency has provided EGP 6.4bn worth grants to implement labour-intensive projects
Egypt seeks to be regional hub in financial technology industry, says managing director
Company plans to open 7 Branches in Beni Suef, Minya, Sohag, Qena to reach 35 branches
Hosting this workshop confirms state’s keenness on supporting efforts to face challenges in Middle East, Africa: CBE
Bank embarked on comprehensive restructuring, development process based on extensive support received from CBE
Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail loans to EGP 73bn, says Aboul Fotouh
T-Bills due between July 2019 and June 2020
Transportation projects among NBE’s top funded sectors, says NBE’s Sherif Riad
Total assets of bank increased to EGP 97.289bn end-June, up from EGP 85.902bn in June 2018
DNE sheds light on key performance indicators of banks operating in local market in April 2019