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HDBK to launch mobile and internet banking services by year’s end
The Housing and Development Bank (HDBK) is planning to launch internet and mobile banking platforms by this year-end, Chairman Fathy…
Banking + Finance
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EFG arranging EGP 3 bn worth of loans this year for two companies
EFG Hermes is arranging loans worth a combined EGP 3 bn for an unnamed grain trading firm and a real…
Banque Misr intends to borrow USD 750 mn by end of FY2018-19
Banque Misr is in talks with international banks and financial institutions to borrow up to USD 750 mn by the…
NBE to start handling electronic transactions for 16 universities
The National Bank of Egypt signed agreements with 16 unnamed Egyptian universities to provide them with a range of e-payment…
NBE seeks to be liable for USD 1 bn by end of FY2018-19
The National Bank of Egypt (NBE) is in talks with international banks and financing institutions to borrow up to 1…
Pharos Holding increases AUM to EGP 4.55 bn in 1H2018
Pharos Holding raised its assets under management (AUM) to EGP 4.55 bn by the end of 1H2018, Chairman and CEO…
EGX approves National Cement Company delisting
The EGX approved yesterday the National Cement Company’s request to delist its 103.2 mn shares, according to an EGX statement.
Obour Land applies for EGP 400 mn capital increase
Obour Land has submitted a request to the Financial Regulatory Authority (FRA) to increase its issued capital to EGP 400…
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