Banking

The general assemblies of the National Bank of Egypt (NBE) and Banque Misr (BM) approved their financial statements of the two banks, revealing that they collectively achieved profits before taxes…
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Banque Misr, Egypt’s second biggest state-owned bank announced that it has seen 113 percent growth in net profit to 23.5 billion Egyptian pounds during an 18-month period ended in December 2021.
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MIDBANK has announced the launch of “MID-GO, Go with Your Ambition”.
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Commercial International Bank (CIB), one of Egypt’s largest private banks, reported on Monday a net profit worth 7.773 billion Egyptian pounds ($410.4 million) for the first half of the year.
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The Ordinary General Assembly of the Federation of Egyptian Banks approved the results of the candidacy for membership in the Federation’s Board of Directors on Sunday.
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EFG Hermes has announced the successful close of an EGP425 million ($22.4 million) securitized bond issuance for real estate powerhouse Pioneers Properties for Urban Development and its affiliates –…
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As part of Saib’s continued efforts to implement their expansion plan in various parts of the country, the bank recently opened a new branch in Shebin Al-Koum, Menoufiya, in accordance with the new…
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Drive Finance and Non-Banking Services (GB Auto’s subsidiary) announced it has issued a corporate bond of EGP 700m the first issuance of an EGP 2bn programme with Commercial International Bank (CIB),…
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The Agricultural Bank of Egypt (ABE) has inaugurated a new business development service centre in the 6th of October City, as part of the NilePreneurs Initiative launched by the Central Bank of Egypt…
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The Central Bank of Egypt (CBE) has approved for Banque du Caire to launch the Telda prepaid card.
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