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NUCA closes second EGP 15 bn securitized bond issuance this year
NUCA keeps its spot as the biggest player in the local securitization market
Fitch downgrades Egyptian banks’ operating environment score on ties to sovereign debt
Fitch estimates that about 50% of the total assets of Egypt’s banking sector are invested in government debt, creating a…
CIB to borrow USD 150 mn from EBRD
The funds will strengthen the bank’s Tier II capital
EgyptAir places big Airbus order. PLUS: News from SODIC, Afreximbank, Hayat, Cleopatra Group
AVIATION- EgyptAir has placed another big order for new aircraft. National flag carrier EgyptAir has placed an order for 10…
Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns
CIB + Juhayna earnings jump in 3Q, 9M 2023
CIB saw its net income jump 89% y-o-y in 3Q 2023, while Juhayna’s net income more than doubled
S&P cuts three local banks credit rating days after downgrading sovereign rating
The rating agency cut Egypt’s sovereign credit rating deeper into junk last week due to the increasing FX shortage and…
Amr El Ganainy named deputy CEO and managing director at CIB
El Ganainy previously headed up CIB’s institutional banking division
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