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EFG Hermes Leasing planning EGP 300 mn securitized bond issuance this week
EFG Hermes Leasing is planning to make a EGP 300 mn securitized bond issuance “in the coming days,” EFG Hermes…
Banking
Egypt banks will see their taxes rise as a result of separately accounting for income from holdings of state debt
Banks will pay significantly more taxes under gov’t proposal that they account separately for their investments in state debt: The…
Sherif Elwy selected as CEO of Arab African International Bank
MOVES- Sherif Elwy (bio) was reportedly named CEO and managing director of Arab African International Bank, replacing Hassan Abdalla, an…
EBRD approves USD 24 mn loan for Andalusia Group
The European Bank for Reconstruction and Development (EBRD) has approved granting a USD 24 mn loan for healthcare provider Andalusia…
CBE plans to increase electronic POS around Egypt to 1 mn from 72.5k by 2021
The Central Bank of Egypt plans to increase the number of electronic points of sale around the country to one…
AfreximBank in talks over USD 800 mn loan for Arab Contractors, Elsewedy Electric
The African Bank for Import and Export (AfreximBank) is considering arranging and managing an USD 800 mn loan for Arab…
United Bank looks to exit three companies by start of 2019
The United Bank of Egypt is looking to exit three companies by January 2019, sources said on Saturday, as the…
HSBC to manage USD 150 mn loan for PICO Group
HSBC is managing and marketing a USD 150 mn loan for PICO that will allow the company to restructure its…
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