Banking

Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has injected EGP 2.8bn into 87,700 small and micro projects in the first half (H1) of 2021, creating about 146,500 job…
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HSBC Holdings said on Monday it had agreed to acquire French insurer AXA’s Singapore assets for $575 million, a move aimed to scale up its wealth management business in Asia and boost fee income.
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Egypt’s AlexBank achieved net profit before tax worth up to 1.959 billion Egyptian pounds ($124.6 million) for the first half of the year, up from 1.369 billion pounds last year.
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The saib Bank achieved earnings before interest and taxes (EBIT) of $33.6m during the first half (H1) of 2021, compared to $27.6m during the same period last year, with a growth rate of 22%, driven by…
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Foreign investment in Egyptian securities rose to around $22.866 billion in June, from around $22.250 billion in May, the central bank data.
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Ahli United Bank Egypt may receive up to USD 22 mn from the European Bank for Reconstruction and Development (EBRD) and the Global Climate Fund (GCF) for on-lending to Egyptian SMEs working on green…
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Suez Canal Bank achieved net profits of EGP 240.84 million in the first half (H1) of 2021, an increase of 7.5% year-on-year (YoY) from EGP 223.9 million.
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Export Development Bank of Egypt (EBE) reported a 37% year-on-year (YoY) decline in its consolidated net profits to EGP 695.35 million in fiscal year (FY) 2020/2021, compared to EGP 1.103 billion,…
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Housing and Development Bank (HD Bank) logged standalone net profits of EGP 1.001 billion in the first half (H1) of 2021, up by 0.1% from EGP 1 billion in H1-20, the unaudited financial results…
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Tanmeyah Microenterprise Services has signed an agreement with Banque Misr to issue prepaid cards powered by the national payment network “Meeza” for Tanmeyah customers.
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