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Earnings watch: Egypt’s QNB Al Ahli reports EGP 2.2 bn in 2Q2019 profits
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 2.2 bn in 2Q2019, up 18.4% y-o-y from EGP…
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Egypt’s banking sector to see 15% y-o-y earnings growth 2Q -EFG Hermes
Egypt’s banking sector to see 15% y-o-y earnings growth in 2Q -EFG Hermes: The Egyptian banking sector will see bottom…
Central Bank of Egypt approves capital increase request by BdC’s Cairo International Bank in Kampala
The central bank has approved a request by Banque du Caire (BdC) majority-owned Cairo International Bank in Kampala to raise…
Egypt to launch electronic database for vehicles bought through loans
The CBE signed last month a cooperation agreement with the Interior Ministry and the Egyptian Credit Bureau (I Score) to…
NACC begins talks with major banks for EGP 20 bn financing
The New Administrative Capital Company (NACC) has begun preliminary talks with a number of local banks to secure EGP 20…
Aman in talks with four banks to increase credit portfolio to EGP 700 mn
Raya Holding’s microfinance arm Aman is in talks with four banks to increase its credit portfolio to EGP 700 mn…
Egypt’s CIT Ministry in talks with World Bank to provide e-lending to the youth
The CIT Ministry is in talks with the World Bank to provide electronic lending services to young borrowers in partnership…
BdC obtains USD 30 mn loan from Kuwait Fund
Banque du Caire (BdC) has secured a USD 30 mn loan from the Kuwait Fund for Arab Economic Development to…
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