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The purpose of the borrowing is to finance the acquisition deal over Cairo Cotton in a deal worth EGP 140m. Dice will self-fund the remaining EGP 50m.
Bank accounts for 7.82% of loans, 5.17% of deposits in Egyptian banks by end-March 2019
CIB ranks 1st with profits of EGP 2.64bn, QNB AlAhli follows, Faisal Islamic Bank in 3rd
Project to be established, operational in Q2 of 2019, says ACC’s CEO
Financial statements of 10 banks reflect significant growth in profits by end of June 2018 YOY
Cutting diplomatic relations with Qatar has no effect on bank’s activities in Egypt: QNB
EG Bank doubles its financial position, remains fastest growing bank for the second year in a row
List of banks includes Banque Misr, NBE, AAIB, CIB, and QNB
“QNB Group has maintained its ranking of the most valuable banking brand in the Middle East and Africa region,” according to the annual survey carried out by Brand Finance and published by The Banker magazine, an affiliate to the internationally acclaimed Financial Times newspaper. The award also placed the QNB brand among the Brand Finance …
The bank offers more than 40 different retail banking products, with more to come
The bank’s loans-to-deposits ratio increased to 58%, compared to the 41% average in the banking system
QNB Alahli participates in Abu Rawash power station with a 25% quota
The QNB group is a leading bank in the Middle East and North Africa region, with acquisitions of almost 45% of the total domestic assets of the banking sector in Qatar.
QNB Group continued growth in 2014 with increase in net profits, shareholders and assets
Reuters – Qatar National Bank (QNB) is aiming to become the largest lender in the Middle East and Africa by 2017, its finance head said on Thursday, as the bank continues to look beyond its home market for growth opportunities. Currently the biggest bank in the Gulf region, it is looking for acquisition targets in Turkey, Morocco and sub-Saharan Africa, Chief Financial …
QNB Financial Services accounted for 25% of transactions in the Qatari market, the biggest share.
“The fact that there’s a general trend of expansion happening is a positive step for the banking sector in Egypt,” said Hesham Shawqi, head of the investment sector at Arab Investment Bank in Cairo.
$2.7bn bond package released several days ago on Irish stock market
Arab investors nevertheless label Egyptian banking sector ‘promising’
Government official: No further NSGB-QNB deal taxes, any already collected to be refunded
‘Based on difference in buy and sell prices’, not all investors involved in the deal will pay the tax
Qatar National Bank bought each share at EGP 35.65, with the total value of the sale reaching EGP 16.142bn
Employees have expressed disapproval over Qatar National Bank’s acquisition of 100% of NSGB, and are to stage a protest on Monday to denounce the agreement
EFSA has approved QNB’s offer of EGP 38.65 per share for 100% of NSGB’s shares
European banks are shedding assets outside of the MENA region to rebuild their balance sheets affected by the financial and sovereign crises
Qatar National Bank (QNB) Group announced that it is in “definitive agreement” with the French bank Societe Generale concerning the acquisition of its entire stake in National Societe Generale Bank Egypt (NSGB). Societe Generale owns 77.17 per cent of NSGB. QNB Group will launch a mandatory tender offer (MTO) for 100 per cent of the …