Banking

The consolidated net profits of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) climbed by 48.4% year-on-year (YoY) in the first half (H1) of 2022, reaching EGP 1.01 billion, including minority…
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Nevine Gamea — Head of the Central Microfinance Sector at the Micro, Small, and Medium Enterprise Development Authority (MSMEDA) — revealed that the agency pumped EGP 2bn in funds for micro-projects…
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Egypt’s current account deficit remained almost unchanged, recording $13.6bn in the first three quarters (July/March) of fiscal year (FY) 2021/22, despite the increase of $3bn in the trade balance…
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Import operations of finished goods have been halted completely since March after the Central Bank of Egypt’s (CBE) decision to cancel dealing with documentary collections and replace them with…
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Egypt’s international reserves went down by 0.69% or $232 million on a monthly basis in July 2022.
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Egyptian Financial Group Hermes Holding (EFG Hermes) has named Aladdin ElAfifi as the new CEO of its non-bank financial institutions (NBFI) platform.Egyptian Financial Group Hermes Holding (EFG…
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Credit Agricole Egypt has registered consolidated net profits after tax worth EGP 1.01 billion in the first half (H1) of 2022, an annual leap of 32.35% from EGP 767.09 million.
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gypt’s second biggest lender, Banque Misr has get a licence to open a representative office in Kenya, pursuing trade finance deals in East Africa and a chance to serve Egyptian firms operating in the…
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The Agricultural Bank of Egypt (ABE) achieved a significant leap in performance indicators during the first half (1H) of 2022.
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Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said.
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