Banking

The Agricultural Bank of Egypt (ABE) allocated EGP 31bn in loans to micro-, small-, and medium-sized enterprises (MSMEs) during 2020, according to ABE Chairperson Alaa Farouk.
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E-payment giant Fawry is the process of acquiring 86 percent of Fawry Plus Banking Services after Fawry’s board of directors given the green light to the company to move ahead with negotiations to…
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All fees paid by MSMEs to process e-commerce payments from the National Bank of Egypt will be suspended through the end of June 2021, the bank said in a statement.
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Housing and Development Bank (HDB) achieved consolidated net profits of  2.06 billion Egyptian pounds in 2020, down by 7.37 percent year-on-year (YoY) from  2.22 billion pounds, the unaudited…
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Rating agency Capital Intelligence (CI) affirmed on Tuesday the long-term foreign currency rating (LT FCR) of Egypt’s Banque du Caire (BdC) at 'B+'.
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Egypt’s Suez Canal Bank reported on Monday an 11 percent year-on-year increase in its new profit after tax to 601.664 million Egyptian pounds ($38.3 million) in 2020.
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The board of Abu Dhabi Islamic Bank Egypt (ADIB Egypt) has given a green light to the takeover bid launched by a group of investors for Assiut Islamic Trading.
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The Central Bank of Egypt (CBE) has revealed that the percentage of non-performing loans (NPLs) at banks working in the Egyptian market recorded 3.4% in September 2020.
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The Agricultural Bank of Egypt (ABE) will form a working group to cooperate with Kafr El-Sheikh governorate in establishing youth projects through offering soft loans, according to ABE Chairperson…
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Abu Dhabi Islamic Bank Egypt (ADIB Egypt) announced on Sunday its net profit grew to 1.95 billion Egyptian pounds ($124.7 million) in 2020
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