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United Bank studying setting up EGP 50 mn leasing arm
United Bank is studying setting up a EGP 50 mn leasing arm with an unnamed Saudi institution that will take…
Banking
CIB launches mobile banking app
CIB launched a mobile banking app through which users can access digital services, the bank announced in a statement on…
EFG Hermes Leasing looks to grow leasing portfolio to EGP 3 bn in 2017
EFG Hermes Leasing is targeting bringing its portfolio to EGP 3 bn by year-end, from EGP 1.4 bn currently, CEO…
Banque Misr signs USD 100 mn financing agreement with China’s Industrial and Commercial Bank
Banque Misr signed a USD 100 mn financing agreement with China’s Industrial and Commercial Bank (ICBC) for a project led…
EETC to sign EGP 18 bn loan agreement with NBE, Banque Misr this week
The Egyptian Electricity Transmission Company (EETC) is expected to sign an EGP 18 bn loan with the National Bank of…
Afreximbank seeking a USD-denominated bond issue
Cairo-based African Export-Import Bank (Afreximbank) is requesting a USD-denominated bond issue, sources told Reuters. The issue would follow the launch…
Egypt’s banking sector sees robust year-on-year growth
Releases from Egypt’s major banks for FY2015-16 indicate that the country’s banking sector has seen robust year-on-year growth amid a…
Orascom Development Holdings will delist EDRs on 18 April
Trading on Orascom Development Holdings Egyptian Depository Receipts on the EGX will end on 18 April, after the company sent…
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