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Who’s in the market for debt: Faragalla Group, BPI
Faragalla Group is reportedly in the market for an EGP 2.05 bn syndicated facility being led by the National Bank…
Egypt’s CIB taps JP Morgan’s Jay-Michael Baslow as non-exec board member
MOVES- CIB has asked Jay-Michael Baslow (LinkedIn) to join its board of directors as a non-executive, independent member, the banksaid.…
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…
What we’re tracking on 22 September 2020
Good morning, everyone, and welcome to yet another very busy newsday as we hit the midweek mark. Want to sound…
CIB, National Bank of Egypt, Banque Misr sign EGP 5 bn financing agreement for new multi-purpose terminal in Alexandria Port
DEBT WATCH- CIB, NBE, Banque Misr sign EGP 5 bn syndicated loan agreement to finance Alexandria Port multipurpose terminal: The…
Relaxed regs key to driving e-payments growth, says CIB boss
Relaxed regs are the key to driving e-payments growth, says CIB boss: The growth of digital accounts, such as mobile…
CIB Egypt renews ISO 22301 certification
CIB has had its ISO 22301-2019 certification from the International Organization for Standardization renewed for the third year in a…
What we’re tracking on 13 September 2020
Good morning, everyone. It’s shaping up to be a very busy news week amid word that we’re heading back to…
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