BANKING

23 Oct 2017

NBE bank pumps 1.016 bln pounds in Egypt’s micro-sized project initiative

Egypt’s largest state-run lender, the National Bank of Egypt, has pumped 1.016 billion Egyptian pounds ($57.6 million) in finances serving around 3,714 beneficiaries of the government-led initiative to support micro-sized projects, Mashroak.

Mashroak"...

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23 Oct 2017

Egypt’s Banque Misr to open Russia office this week – vice chief

Egypt’s second largest bank, state-run Banque Misr is preparing to open its representative office in Russia this week, its vice chairman said Saturday.

The bank has also plans to set up presence in Africa,"...

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18 Oct 2017

National Bank of Egypt deposits hike in August since pound float

National Bank of Egypt (NBE), the country's largest state bank, deposits rose in August to around 874 billion Egyptian pounds ($49.5 billion).

The bank has raised ‘huge liquidity’ from its high-yield"...

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16 Oct 2017

IMF, World Bank praise Egypt’s economic reform programme

The IMF and the World Bank praised Egypt’s economic reform programme on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington, D.C.

Meanwhile, World"...

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15 Oct 2017

Egypt awaits 3rd tranche worth $1bn of World Bank’s loan

Minister of Investment and International Cooperation Sahar Nasr held talks with officials of the World Bank to agree on the procedures and timing of disbursement of a third tranche of $1bn of the total $3bn loan from the World Bank in support of the Egyptian economic reform programme.

"...

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14 Oct 2017

Bank of America Reports Third-Quarter 2017 Financial Results

Bank of America reported its third-quarter 2017 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

13 Oct 2017

The 2017 World Branding Awards sees 245 Winners from 32 Countries Awarded at Kensington Palace

(AETOS Wire)-- The fourth edition of the prestigious World Branding Awards saw 245 brands from 32 countries named “Brand of the Year” in a glittering ceremony held in the main entrance and Orangery at Kensington Palace today.

Global"...

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12 Oct 2017

QNB Group, the Largest Bank in the Middle East and Africa, Delivers Another Record Results for Q3 2017

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2017, which is the highest in the history of QNB Group.

"...

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09 Oct 2017

Sahar Nasr to attend World Bank annual meetings in Washington

The Minister of Investment and International Cooperation Sahar Nasr will travel to Washington on Wednesday to participate in the annual meetings of the World Bank.

The minister is expected to hold several meetings"...

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03 Oct 2017

Egypt’s banks secured $56 bln for imports since flotation

Banks operating in Egypt have provided a total value of $56 billion for importers since the flotation of the Egyptian pound in November, governor of the Central Bank of Egypt (CBE) Tarek Amer said Monday.

Speaking to Egypt Today, Amer said that banks have offered $110 billion"...

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