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The United Bank of Egypt plans to grant 100 awards to its clients who hold the MasterCard “Rakhaa”, considered to be the first credit card which meets Shari’a provisions in Egypt. According to the bank’s Chairman of the Board of Directors, Mohamed Ashmawy, the award will be given to those who use the card for …
The CBE added that the household sector acquired EGP 75.9bn out of the total deposits of banks’ customers in April, where its deposits registered EGP 1076.371bn during that month compared to EGP 1062.607bn during March.
The federation also includes four representatives OF real estate companies affiliated to the banks
“We work under the umbrella of the CBE and our clients did not make any withdrawals,” says bank official
Egypt’s first bank, Banque Misr was established by Talaat Harb
Misr El Kheir Foundation, 57357 Hospital, Magdy Yacoub Heart Foundation acquire biggest share of donations
First general assembly will be held, board of directors elected Thursday
Bank plans to establish company with an initial capital of EGP 5m
The bank has 420 units under financing in 10th of Ramadan City provided by MFF, says Taha
Falcon Group held a press conference last week, where it presented its work in securing the universities during the last academic year.
Loan will be directed to pay part of EGPC’s dues
According to a bank statement, 8,000 employees out of 48,000 employees who work in the bank’s UK branches will be affected.
The figures compare to a surplus of $2.2bn during the same period of FY 2013/2014
United Bank branches will increase to 62, to cover all the governorates
There are abundant opportunities across Egyptian market, says Chairman
Market witnessed competition in attracting foreign currency savings, according analysts
The private sector acquired 80.8% out of the total loan balances
Significant rise witnessed in loans and deposits in Egypt’s banking sector in March
HSBC Egypt loan portfolio grew 9% last March, says senior official
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
Plan to attract $1bn of foreign direct investments and global institutions to Egypt
Figures show that there is a 60% increase in the bank’s earnings in Q1 of 2015, compared to the same period in 2014
The number of NBE’s ATM machines reached 1,950 machines, an increase of 415 machine from the previous year.
The QNB group is a leading bank in the Middle East and North Africa region, with acquisitions of almost 45% of the total domestic assets of the banking sector in Qatar.
Local banks will provide financing using pound, not dollar, for Economic Summit projects, says Federation of Egyptian Banks Chairman
Prime Minister suggests the formation of trilateral cooperation
By Ahmed M El-Wahsh Return on Equity (RoE) is an internal performance measure of a bank’s profitability from the shareholder’s point of view, typically measured by the ‘Net Income’ per dollar of ‘Equity Capital’. It is often considered as the most popular measure of performance, as it is easily available to the analysts, proposes a …
Depreciation can happen at a faster pace, the bank says
The National Bank of Egypt (NBE) has aimed to pump EGP 200m to its investment portfolio during 2015, head of the bank’s investment sector Mohamed Ragaa’i announced. Ragaa’i explained that NBE is seeking for the investment portfolio to reach EGP 1.4bn by the end of 2015, compared to EGP 1.2bn by the end of 2014, …
Without social role and ensuring adequate standard of living for individuals, banks’ profits will be badly affected