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THIS EVENING: Moody’s downgrades five of our banks’ long-term deposit ratings
Good afternoon folks. What started out as a not-so-good news day is looking more and more like a full not-so-good…
Got an EGP account at CIB? You won’t be able be to use your debit card overseas
CIB follows, HSBC, AAIB and the Arab International Bank in curbing access to FX
AI and big data: What to know, and how to think about it
AI could drive the equivalent of 5% of revenue growth in the banking sector
EFG Corp-Solutions, Halan and Rawasi all take securitized bonds to market
Companies have sold record volumes of asset-backed securities in 2023
SCZone to borrow EGP 30 bn to fund green hydrogen infrastructure
Part of the loan will be denominated in USD to finance imported components
Hassan Allam + Agility score EGP 1.5 bn CIB loan for Yanmu logistics park. PLUS: News from Volvo, MCV, Beltone, and NUCA
The 10-year loan from CIB will help fund the construction of a USD 100 mn logistics park east of Cairo
GlobalCorp closes EGP 2.54 bn securitized bond issuance
GlobalCorp has securitized EGP 5.9 bn of its portfolio since 2021
CIB appoints Jawaid Ahmed Mirza as non-executive board member
Mirza previously spent almost 12 years at the bank between 2008 and 2019
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