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CIB chairperson stresses need to develop systematic frameworks to increase investment in continent
Five banks only earn billions in net profits, other banks acquired under EGP 1bn each
Egyptian market filled with lucrative, untapped opportunities, says CEO, board member at CIB
Total profits amounted to EGP 30.516bn at the end of first quarter of 2017, top 10 banks mark profits of EGP 26.234bn
Naguib Sawiris not directly or indirectly included in negotiations
The attacker tried to storm the bank and used a gun to shoot 2 officers, says Interior Ministry
On Thursday, Beltone announced it was unable to reach an agreement with CIB to extend the deadline for the acquisition offer
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
OTMT made the acquisition offer through its affiliated company Beltone Financial. The offer was concluded by the end of March, which pushed Beltone to extending the period of the offer by 14 days, ending 14 April
Bank’s profits exceeded our expectations, while the growth rate of deposits and loans was weak, states Beltone report
New account combines money box and “gameaya” (joint fund), with accumulated interests not affected by market changes says bank official
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
Bank said growth was driven by increase in non-interest income on increased trade finance, foreign exchange volumes and capital gains from investments
Dollar crisis will soon end during the next period, funding economic activities will be priority, says Director of Arab Banking Corporation
57357 hospital celebrate increasing its capacity by 30% by adding 60 beds
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
CIB Q3 net profit rises 5.6% Egypt’s leading bank, Commercial International Bank (CIB), reported a 5.6% rise in the third quarter (Q3) net profit. The bank added that the net profit stood at approximately EGP 972m, up from EGP 920.4m in the same quarter last year. Q3 consolidated revenues were EGP 2.04bn, up 17% from …
Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks
The bank’s revenues for the fourth quarter rose by 15% to EGP 1.74bn.
The fiber-optic infrastructure would provide CIB data network with data speed of 10 gigabytes per second.
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.
Performance indicators also show Egyptian Gulf Bank achieved fastest growth
MERIS downgrades long- and short-term credit ratings of NBE, Banque Misr, and CIB
Bank raises interest rates on platinum by 2%
The Egyptian Stock market index maintained its downward trend after a weekend of massive agitation.