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Loan loss provisions hit bank profits in1H2020
Egyptian banks’ profits shrank by 20% in 1H2020 to an aggregate EGP 50.05 bn in comparison with EGP 62.49 bn…
Who’s in the market for debt: Rooya + Egypt Kuwait Holding’s Nile Wood
The National Bank of Egypt (NBE) and Egypt Kuwait Holding’s (EKH) Nile Wood have signed a EGP 794 mn loan…
Bahrain's Ahli United Bank submits offer to buyout Egypt unit
WATCH THIS SPACE- Bahrain’s Ahli United Bank is seeking 100% ownership of its Egypt unit, with the Financial Regulatory Authority…
Bloomberg wonders whether Fawry shares are overvalued
Bloomberg wonders whether Fawry shares are overvalued, asking whether there’s still gas in the tank after a 300% appreciation that…
Bahrain’s Bank ABC confirms early talks to acquire Blom Bank Egypt
M&A WATCH- Bahrain’s Bank ABC confirms early talks to acquire Blom Bank Egypt: Bahrain’s Arab Banking Corporation (Bank ABC) has…
FAB restarts talks to acquire Bank Audi Egypt -sources
M&A WATCH- FAB revives talks to acquire Bank Audi Egypt: First Abu Dhabi Bank (FAB) is reportedly planning to re-enter…
Your top 5 pieces of business and economic news in August
Your top 5 pieces of business and economic news in August: Egypt’s non-oil private sector contracted at its slowest pace…
Unnamed NBFS firm enters race for Blom Bank Egypt
M&A WATCH- Competition for Blom Bank acquisition could heat up as third potential suitor enters the race: Another foreign financial…
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