Banks are required to apply with the amount of US dollars needed as per their clients’ import needs, the bank says
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The bank announces three loan programmes divided by project size
“What matters for banks is the ability to meet deadlines for loan repayments,” says former Chairman of Misr Iran Development Bank
The banking sector has been a source for filling financial gap of public authorities through granting them loans. Although experts stated that this initiative may be “politically motivated”, they stressed that banks always have reserves for loans.
SAIB has arranged this syndicated loan which includes other 13 banks.
Bank’s net profit rises to EGP 93m in Q3 2013 compared to a loss of EGP 16m in Q3 2012
Total business volume, total assets and liquid assets of the bank all see year on year gains
Net profits reach EGP 830m
Regarding application of a maximum wage, there is support inside the National Council for Wages for a maximum income with the exemption of banks due to their nature that requires the presence of capabilities and cadres with expertise.
Faisal Islamic Bank of Egypt announced net profits worth EGP 370.816m in the first half of 2013 compared to EGP 283.696m during the same period last year, marking a 31% increase.
IHS expects the country’s economic growth to remain low over the next 12 months.
The Central Bank of Egypt orders banks to close early before army’s deadline to Morsi
“The fact that there’s a general trend of expansion happening is a positive step for the banking sector in Egypt,” said Hesham Shawqi, head of the investment sector at Arab Investment Bank in Cairo.