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Banking
Tawfik Financial Leasing expects net financing of EGP 3.5bn during 2022
Al-Tawfik Leasing Company aims to increase its market share of new contracts and expects to achieve net financing in the range of EGP 3.5bn by the end 2022.
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CIB Egypt details its digital transformation results amid COVID-19
The Commercial International Bank – Egypt (CIB) has achieved outstanding results in its digital transformation journey during 2021.
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Egypt’s Agriculture Bank completes preparations ahead of wheat harvest season
The Agricultural Bank of Egypt (ABE) has completed its preparations ahead of the 2022 local wheat harvest season, according to its Chairperson Alaa Farouk.
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CBE includes medical professions in SMEs initiative at an interest rate of 5%
The Central Bank of Egypt (CBE) decided to include physicians, physiotherapists, and dentists from members of the Federation of Medical Professions Syndicates to benefit from the initiative for small…
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JICA, Afreximbank sign $200mn loan agreement to support COVID-19 responses through private sector
The Japan International Cooperation Agency (JICA) signed a loan agreement of up to $200m with the African Export-Import Bank (Afreximbank) on 30 March to support COVID-19 responses through private…
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NBE, Banque Misr amass EGP 423 bln for their recent saving certificates in 2 weeks
The National Bank of Egypt (NBE) and Banque Misr announced that the proceeds of the one-year saving certificates with a 18 percent return, launched on March 21, amounted to EGP 423 billion by the end…
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AAIB, NBE provides EGP1.8bn syndicated loan to Hassan Allam’s subsidiary
National Bank of Egypt (NBE) and the Arab African International Bank (AAIB) signed on April 5th an EGP 1.8 billion 7-year syndicated loan with a subsidiary of Hassan Allam Properties to fund a…
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NBE tops African syndicated loans league table in Q2022 -Bloomberg
Egypt’s biggest state lender, the National Bank of Egypt (NBE) was at the top of Bloomberg’s African syndicated loans league table as a financing agent, lead manager and promoter in 1Q2022, according…
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Egypt’s Arab African International Bank says net profit jumped 70.7% in 2021
Egypt’s first Arab multinational bank Arab African International Bank (AAIB) reported on Monday a 70.7 percent year-on-year growth in net profit after tax for 2021.
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Crédit Agricole Egypt inaugurates new branch in Palm Strip Mall
Crédit Agricole Egypt (CAE) celebrated the opening of its new Palm Strip branch in Sixth of October City in continuation of its strategy to expand in the growing urban area.
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