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Credit Agricole Egypt sees moderate profit growth in 2019
EARNINGS WATCH- Credit Agricole Egypt made a net profit of EGP 2.4 bn in 2019, up 7.3% from the previous…
CIB Overseas Banking: Tailored services for a global lifestyle
Are you living abroad and in need of reliable and convenient banking services in Egypt? CIB is proud to introduce…
HSBC appoints Stephen Moss as regional chief executive
MOVES- HSBC Holdings has tapped Stephen Moss (LinkedIn) as a regional chief executive overseeing Europe, the Middle East, Latin America,…
Agricultural Bank of Egypt names veteran banker Alaa Farouk as chairman
MOVES- National Bank of Egypt (NBE) retail CEO Alaa Farouk (LinkedIn) was reportedly tapped as chairman of the Agricultural Bank…
Demand for acquisitions in Egypt’s banking sector is soaring — but nobody really wants to sell
M&A WATCH- With profits hitting record highs, Egypt’s banks are ripe M&A targets — but nobody really wants to sell,…
BdC in talks with EIB to on-lend EUR 90 to Egyptian SMEs
Banque du Caire (BdC) is in talks with the European Investment Bank to open a EUR 90 mn credit line…
Mashreq Bank considers purchasing majority stake in Arab Investment Bank
M&A WATCH- The UAE’s Mashreq Bank is considering acquiring a controlling stake in Egypt’s Arab Investment Bank (AIB), sources familiar…
CBE green-lights First Abu Dhabi Bank due diligence on Bank Audi
M&A WATCH- CBE green-lights First Abu Dhabi Bank due diligence on Bank Audi: The Central Bank of Egypt (CBE) has…
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