Banking

Egyptian investment bank Beltone Financial Holding have turned profitable in the first half of the year, reporting on Wednesday a net profit of 8.54 million Egyptian pounds ($542,757) as surging…
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The Egyptian Gulf Bank (EG Bank) achieved a consolidated net profit of EGP 320.2 million in the first half (H1) of 2021, higher by 5% than EGP 304.74 million in H1-20, including minority rights.
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The National Bank of Ethiopia asked all commercial banks to temporarily suspend providing loans backed by collateral, such as land and buildings.
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The National Bank of Kuwait-Egypt's (NBK Egypt) board of directors decided to delist the bank's shares from the Egyptian Exchange (EGX).
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Societe Arabe Internationale de Banque (SAIB) logged net profits of $8.95 million in the first half (H1) of 2021, an increase of 12% year-on-year (YoY) from $7.97 million in H1-20, the unaudited…
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Abu Dhabi Commercial Bank – Egypt (ADCB-Egypt), part of Abu Dhabi Commercial Bank, reported on Sunday an 83 percent year-on-year jump in net profit for the first half of the year.
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Emirates NBD Egypt Bank announced the provision of 2 billion Egyptian pounds ($127.4 million) to finance the construction of Egypt’s biggest agricultural wastewater treatment plant.
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Societe Arabe Internationale de Banque (SAIB) has succeeded in becoming one of the most important banks operating in the Egyptian market over three years under Tarek El-Khouly leadership who achieve…
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The Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25…
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The Egyptian Exchange (EGX) said that 298.62 million shares of Blom Bank Egypt's total 300 million shares have been sold in a mandatory tender offer (MTO), according to a statement on Thursday. 
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