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Bank provided loan worth $90m to EEHC for emergency plan to solve electricity crisis in summer of 2015
The loan will be used for financing a project in the North Coast and has been signed with Banque Misr and AAIB
Bank is launching lease company and 15 new branches for Islamic services, says Eletreby
The official further noted that the bank is currently studying funding a further 15 clients in the SME sector with EGP 100m.
Banque Misr Foundation developed 34 medical units in university hospitals, developing 14 villages and informal areas
Bank participated in developing villages and slums in 15 villages
Banks should adopt developed technological infrastructure that aim to develop communication channels with customers, says head of retail
Bank assets to reach EGP 15bn after the approval it received from the CBE
Bank Misr, Crédit Agricole, Banque Misr also among market leaders for treasury bills and bonds
New maximum wage sets wages at 50% less than original wages, resigned NBE official says
Meeting to be held soon regarding payment of outstanding EGP 1.6bn owed to banks, says minister
Education technology is top company priority in Egypt, says Intel’s Egypt executive Al-Fatih
By Omar Khedr There appears to be no limit to the possibilities that come from combining the internet, social media, and ground-breaking innovations to achieve significant changes across the globe. It is a movement that is restructuring government institutions, revolutionising how news is delivered, and forging entire new commercial industries. Eager to capitalise on this …
The Central Bank launched a mortgage financing initiative in April with EGP 10bn for mortgage financing activities. The funds could be used to finance housing for low- and medium-income individuals with concessionary terms for a period of 20 years.
The bank is one of several supporting the construction of 10,000 housing units for low- and middle-income Egyptians under a Central Bank of Egypt initiative
The bank announces three loan programmes divided by project size
The funding will be used to maintain and renovate the Al-Waledeya station’s first unit boiler, which will be carried out by the boiler’s original producer Mitsubishi.
The deposits rose to EGP 188.8bn compared to EGP 162.5bn, reflecting a 16.2% increase, exceeding the sector’s average, recorded at 15.1%. This expanded Banque Misr’s market share to 15.9%.
The loan will be used to finance renovations in Assiut’s power station
Ratings agency upgrades long-term ratings on National Bank of Egypt, Banque Misr and Commercial International Bank to B- from CCC+, raises public information rating on NSGB.
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.
Bank employees demonstrating to dismiss chairman
Low rates of usage for the service were the result of political turmoil
Experts are unsure of market’s future as increasing instability looms
Qatari purchase to help support Egypt’s widening budget deficit
$2.7bn bond package released several days ago on Irish stock market
MERIS downgrades long- and short-term credit ratings of NBE, Banque Misr, and CIB
Electronic payments specialist beat joint NBE-Banque Misr bid for the contract
Arab investors nevertheless label Egyptian banking sector ‘promising’
Products to include both personal and vehicle loans, in addition to the release of credit cards