Banking

The Central Bank of Egypt (CBE) directed banks operating in the Egyptian market to increase financing for the operations of companies and factories, especially small and medium enterprises (SMEs),…
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African Export-Import Bank (Afreximbank) on 18 November 2021 in Durban, South Africa, further consolidated its position as a leader in funding the development of trade infrastructure across Africa…
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Arican Export-Import Bank (Afreximbank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum
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The Central Bank of Egypt’s (CBE) decision to obligate banks to represent women on boards of directors, with at least two members, was highly praised by women leaders working in banks, as well as by…
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The consolidated financials of Egyptian Financial Group Hermes Holding (EFG Hermes) registered a 32.22% rise in net profits to EGP 1.12 billion in the January-September period of 2021, compared to EGP…
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African Export-Import Bank (Afreximbank) through its Advisory & Capital Markets (ACMA) investment banking arm acted as a Joint Lead Manager (JLM) and Bookrunner to place and close Fidelity Bank…
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The Central Bank of Egypt (CBE) has issued amendments to some provisions of the bank governance instructions issued on 23 August 2011.
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he Commercial International Bank-Egypt (CIB) reported consolidated net profits of EGP 9.87 billion in the first nine months of 2021, up by 34.5% year-on-year (YoY) from EGP 7.34 billion, including…
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The Central Bank of Egypt’s (CBE) continues to support macroeconomic stability over the medium term, keeping policy rates unchanged and remaining consistent with achieving the CBE’s inflation target…
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The National Bank of Kuwait-Egypt (NBK-Egypt) reported net profits of EGP 1.050 billion in the first nine months of 2021, slightly down from EGP 1.097 billion in the corresponding period a year…
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