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CIB’s net income surges 78% y-o-y in 4Q 2024
The bank’s revenues grew 57% y-o-y during the quarter
Egypt’s net foreign assets dropped 12% to USD 5.2 bn in December
The decline was driven by a widening deficit in the net foreign assets of commercial banks
Mohamed Talaat, head of retail banking at Mashreq Egypt
We’re preparing to roll out Mashreq Neo and e& Mashreq Neo credit cards this month
Simplex plans KSA expansion with Riyadh CNC factory. PLUS: Madinet Masr, Taqa Arabia, Money Fellows, Al Amal Auto
The planned factory will be funded by its Saudi partner
It’s homecoming for Mashreq as the bank opens in Oman
Execs say the bank has appetite to work with corporate, quasi-governmental, and state institutions — and could roll-out new digital…
Financial soundness indicators suggest strengthening banking sector post-EGP float
Key indicators show improved capital adequacy, fewer non-performing loans, and solid liquidity in the Egyptian banking system
Banque du Caire’s privatization push gains new momentum
We could see a stake sale as soon as 1H 2025
Could we see a Banque du Caire stake sale in 1H 2025?
Good afternoon all you wonderful people, and happy Wednesday. Read on for all the latest on the Banque du Caire…
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