banking Archives

Fitch raises credit rating for CIB, NBC

Fitch Ratings has upgraded long-term issuer default ratings for CIB and the National Bank of Egypt to ‘B+’ from ‘B’…

Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…

EARNINGS WATCH- Banque du Caire reported a significant 221.5% jump in net profit after tax to EGP 2.5 bn in…

MOVES- Yasser Ismail Hassan will step down as managing director of the National Bank of Kuwait effective from mid-May, Hassan…

MOVES- Mohamed Abbas Fayed (bio) has resigned as CEO and managing director of Bank Audi, effective end-April, Al Mal reports.…

IPO WATCH- Speed Medical is planning to IPO on the EGX within six months of listing of 25% of its…

Global Telecom Holding’s (GTH) board of directors has approved a three-month extension on the maturity of a USD 100 mn…

The Central Bank of Egypt (CBE) is mulling whether interest should be paid on funds left in e-wallets to give…

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