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FRA hikes capital requirements for non-bank lenders by 50%
New firms have three months from when they get their license to comply
Earnings watch: Telecom Egypt, MM Group, Housing and Development Bank, Raya Holding, Eastern Company, and Abu Qir Fertilizers report results
EARNINGS WATCH- Telecom Egypt reported EGP 4.1 bn in normalized net income in 1Q 2023, rising 144% y-o-y, according to…
valU, Telda partner up. PLUS: Tatweer Misr signs partnership deal to enter Saudi, FRS approves EGX futures clearing company
valU is also planning a fresh securitization transaction soon
Contact Financial’s net income up 3% in 1Q 2023
Growth in ins. net income offset a drop in net financing earnings
TE wraps up 10% divestment with share sale to employees. PLUS: EFG to launch new SME lender
The company raised almost EGP 200 mn selling a 0.5% stake to employees
Banque Misr could soon get a USD 260 mn loan from IFC
The bank will use the loan for on-lending to local MSMEs and women-owned SMEs
GB Corp profit, revenues hit amid auto slowdown
GB Auto posted a net loss but NBFS arm GB Capital saw strong growth
EFG Hermes Holding is now EFG Holding
EFG Hermes Holding has officially rebranded to EFG Holding after the company’s shareholders signed off on the change during last…
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