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What we’re tracking on 21 April 2020
Good morning, ladies and gents, and welcome back from what we hope was a relaxing long weekend. Now, let’s get…
National Bank of Egypt, Banque Misr sell EGP 82 bn of high-yield certificates
State banks sell EGP 82 bn of high-interest savings certificates: National Bank of Egypt has sold EGP 56 bn of…
Vitas Egypt in talks with Sanad Fund, unnamed local bank for new loans
Vitas Egypt is in talks with German Development Bank KfW’s Sanad Fund and unnamed local banks for several loans to…
NBE maintains top spot for syndicated loans in Egypt -Bloomberg
The National Bank of Egypt (NBE) was rated as the country’s top bank for syndicated loans for 1Q2020, having arranged…
Banque du Caire postpones IPO on market turmoil -chairman
IPO WATCH- Banque du Caire postpones IPO on market turmoil, chairman confirms: State-owned Banque du Caire (BdC) has shelved plans…
House looks to resurrect tithe on bank profits to support industry fund; separate levy would create emergency bailout fund
LEGISLATION WATCH- Remember that proposed tithe on bank profits to endow an industry development fund? Legislators want to resurrect it.…
Egyptian state-owned banks snap up TMG sukuk issuance
State-owned banks snap up TMG sukuk issuance: Three state-owned banks have taken 97.25% of the EGP 2 bn of sukuk…
What we’re tracking on 13 April 2020
Good morning, friends. Only four more days until our four-day weekend. Banks and the stock exchange are closed on Sunday…
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