Banking

The International Monetary Fund (IMF) expects Egypt's economy to grow by 5.2% during fiscal year (FY) 2021/2022, compared to a projected growth rate of 2.8% in FY20/21
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The Agricultural Bank of Egypt (ABE) has installed 750 ATMs in villages and rural areas over three months.
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African Export-Import Bank (Afreximbank) has closed a EUR 59.2 million Intra Africa Investment Finance Facility to finance Vista Group Holdings SA’s acquisition of majority stakes in Banque…
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The National Bank of Egypt (NBE), the country’s largest public lender, has led a 962 million Egyptian pound ($61.2 million) syndicated loan from a consortium of local banks to finance building…
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HSBC has been named as the Best Investment Bank in Egypt at the 2021 Euromoney Middle East Awards for Excellence.
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A high-level coalition of Egyptian entities and banks has signed an agreement to establish the Lighthouse Education platform, with capital of EGP 1.75bn.
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Faisal Islamic Bank of Egypt reported on Thursday a 28.5 percent year-on-year growth in net profit after tax for the first quarter of the year.
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Commercial International Bank (CIB), one of Egypt’s largest private banks, revealed on Tuesday its financial results for both the first half and second quarter of the year, reporting a 22 percent…
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QNB ALAHLI, the Egyptian unit of Qatar National Bank, reported on Monday a 7 percent year-on-year growth in consolidated net profit for the first half of the year.
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Morocco’s biggest insurance company Wafa Assurance, part of Attijariwafa Bank, has expanded its insurance business to Egypt as it seeks to grow its presence across Africa.Morocco’s biggest insurance…
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