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EFG Hermes eyes expansion across different platforms
EFG Hermes’ ValU, which offers payment-on-installment solutions via a mobile app, is hoping to expand its operations by signing on…
Banking
Oilex to sign EGP 2.4 bn loan with banking consortium
Oil extraction company Oilex is expected to sign within days a EGP 2.4 bn loan agreement from a banking consortium…
EKH looking for loan to help fund EGP 2.1 bn fiberboard factory
Egypt Kuwait Holding (EKH) is looking for a loan to partially fund the EGP 2.1 bn medium-density fiberboard (MDF) factory…
Banque Misr, Banque du Caire tap Moody’s to provide services for implementation of IFRS 9
Banque Misr and Banque du Caire have reached an agreement with Moody’s that will see the credit agency provide the…
FRA looks to expand scope of investor protection fund
The Financial Regulatory Authority’s (FRA) Capital Markets Committee is looking into a proposal to widen the scope of the Egyptian…
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…
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…
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