Banking

The African Export-Import Bank (Afreximbank) will provide $20 billion in order to support intra-African trade, according to Chairperson of the bank, Benedict Orama.
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Egypt was able to overcome challenges thanks to economic reform programmes, according to Governor of the Central Bank of Egypt (CBE), Tarek Amer.
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The National Bank of Egypt (NBE) subscribed to increase the capital of the African Export and Import Bank (Afrexim Bank) with a value of $326.6m, paying the required 40% at a value of $130.6m.
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Banque du Caire (BdC), Egypt’s third largest public state-lender, announced on Monday that its net profit recorded 800 million Egyptian pounds ($42.6 million) in the first quarter of the year.
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First Abu Dhabi Bank (FAB) announced the end of a legal merger process with Bank Audi – Egypt in a Facebook post on Saturday.
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The Egyptian Gulf Bank (EG Bank) has logged consolidated net profits after tax worth EGP 193.75 million in the first quarter (Q1) of 2022, an annual growth of 23% from EGP 157.78 million.
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The Central Bank of Egypt (CBE) issued a bid of local treasury bills denominated in the US currency, at a value of $540m, for a period of 364 days, due on 6 June 2023.
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The World Bank’s (WB) Board of Executive Directors announced its approval on Wednesday of a $500-million-loan to back Egypt’s social protection net and food security in the face of the impacts of the…
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The Suez Canal Bank announced in a statement on Tuesday that it achieved a net profit of EGP 96m at the end of March 2022, compared to EGP 116m in March 2021.
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Agricultural Bank of Egypt (ABE) provided funds EGP 1bn to stimulate investment in the agricultural and livestock production sectors in the New Valley,according to Alaa Farouk, its Chairperson.
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