Banking

Housing and Development Bank (HD Bank) reported consolidated net profits of EGP 1.004 billion in the first half (H1) of 2021, down by 5.6% year-on-year (YoY) from EGP 1.064 billion, including minority…
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The Central Bank of Egypt (CBE) approved the acquisition of 76% of Arab Investment Bank (aiBANK) by the sub-fund for financial services and digital transformation owned by The Sovereign Fund of Egypt…
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Alaa Farouk, Chairperson of the Agricultural Bank of Egypt (ABE), has announced that the bank is expanding in financing micro projects in Sohag as part of Bab Rizk programme.
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The National Bank of Egypt (NBE) and Banque Misr have arranged two syndicated loans at a total value of EGP 3 billion for the development of two airports.
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Minister of Petroleum and Mineral Resources, Tarek El Molla, has witnessed the signing of the shareholders’ agreement to establish the Misr Methanol and Petrochemicals Company, between Abu Qir…
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A consortium, comprised of the National Bank of Egypt (NBE) and Commercial International Bank-Egypt (CIB), has closed a securitised bond issuance worth EGP 585 million for Aman Financial Services, a…
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Egypt is set to issue its first sovereign Sukuk in the second half (H2) of fiscal year (FY) 2021/2022 in a move aimed at providing the required finance for the country's investment projects.  
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Hazem Hegazy was appointed as Vice Chairperson and CEO of the Al Baraka Bank Egypt, subject to the approval of the Central Bank of Egypt (CBE).
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The National Bank of Egypt (NBE), the country’s biggest state lender, is leading a banking consortium to arrange a syndicated loan agreement  for State-run Egyptian Electricity Transmission Company…
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National Bank of Egypt (NBE),  issued a statement warning its customers of fraudulent practices that they could be exposed to as a result of disclosing their bank account data.
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