Banks increase bad debt allocations by EGP 27.2bn due to flotation
Total financial position of banks climbed to EGP 3.99tn at the end…
Egypt is one of the most powerful economies in North Africa, we are keen to expand here: UNB leaders
We are keen on taking part in funding projects that serve the Egyptian economy, in…
UNB Egypt aims to achieve 30% growth in loans and deposits
We aim to acquire a stake of not less than 5% of…
Bank Audi Egypt represents 15% of group’s size, to increase further to 30%: Fayed
Egypt enjoys a special position in Bank Audi Group, which supports Bank…
Audi Egypt to increase loan portfolio by EGP 4.5bn by end of 2017
We granted EGP 2bn to SMEs and we support the industrial sector,…
Bank Audi Egypt settles all dollar debts resulting from currency difference after flotation
We had a few companies with debts of more than $5m, whose…
Flotation drives deposits at banks to EGP 490bn, loans to EGP 313.3bn in November 2016
137.2% growth in foreign currencies deposits in flotation month, drops to 18.3%…
El-Assar discusses aspects of cooperation with Belarusian ministers and industry representatives
Egyptian delegation holds meetings with Belarusian companies operating in the fields of…
SWIFT announces Business Forum Egypt to discuss issues of financial sector
“As we continue to reform the banking sector, it is critical to…
2,000 real estate companies exit market in 2016 due to price hikes
The number is expected to increase because of the delay of the…