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HSBC hikes interest rates on short-term deposits, variable interest savings accounts
HSBC Egypt raised interest rates on its short-term deposit certificates of by 100 bps to 6.5% for one-week CDs and…
BANKING + FINANCE
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BANKING + FINANCE
Egyptian Agricultural Bank launches initiative to finance livestock projects
The Egyptian Agricultural Bank has launched an initiative to provide funding for livestock, Daily News Egypt reports, picking up news…
Mortgage finance increases by 98% y-o-y in 4M17, financial lease up by 21%
Mortgage financing in the first four months of the year increased by 98% y-o-y to EGP 722 mn, according to…
NBE to arrange EGP 1.6 bn loan for Elsewedy Cement
The National Bank of Egypt (NBE) is arranging a EGP 1.6 bn loan for Elsewedy Cement to finance a new…
MM Group partners with BPE Partners to form investment financing company
MM Group for Industry and International Trade announced partnering with BPE Partners to operate an investment finance company. The company,…
EGX approves GTH capital decrease
The EGX approved Global Telecom Holding’s to decrease its capital to EGP 2.74 bn from EGP 3.04 bn on Tuesday…
CIB raises interest rates on short-term deposit certificates
CIB has raised interest rates on short-term certificates of deposit by 100 bps to 3.5% for one week CDs and…
Yields on three and nine-month T-bills rise on Sunday
Average yields on Egypt's three and nine-month treasury bills rose at auction on Sunday. Three-year T-bill yields grew to 20.478%…
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