Latest in Banking Highlight

Advertising Area

Latest in Banking

HDBEG scores EGP 1.07bn net profit in 2017

Performance indicators of the Housing and Development Bank (HDBEG) during 2017 revealed the bank’s success in achieving a net profit, after paying EGP 1.075bn in taxes, which the bank attributed to the professional policy of its senior management and the efforts of its employees. The gross profit before taxes reached EGP 1.49bn by the end …

Daily News Egypt

AlexBank achieves EGP 2.783bn net profit in 2017

The Bank of Alexandria (AlexBank) announced that it recorded a net profit of EGP 2.783bn in 2017, marking an 83.8% from their 2016 results, while the bank’s net profit before taxes registered at EGP 3.665bn, with a 96.1% growth. According to the press statement issued by the bank, the witnessed improvement reflects a notable performance …

Daily News Egypt

How to get personal or mortgage loans from CIB?

Commercial International Bank – Egypt (CIB) offers personal loans ranging from EGP 5,000 to EGP 1m without any guarantees, with a repayment period of up to 120 months. The bank additionally provides free life insurance for each borrower until the end of the loan period and allows borrowing with client’s deposits or savings certificates as …

Daily News Egypt

Egypt among top 5 African banking markets: McKinsey

Egypt was chosen among the top five banking markets in Africa in terms of growth and profitability, according to a study by management consulting firm McKinsey & Company. The McKinsey report said that Egypt, Angola, Nigeria, South Africa, and Morocco account for 68% of the continent’s total banking revenues. The report identified four archetypes among …

Daily News Egypt

Credit Agricole’s personal loans reached EGP 6.165bn in 2017

The value of personal financing at Credit Agricole – Egypt increased to EGP 6.165bn at the end of 2017 compared to EGP 5.393bn in 2016, an increase of EGP 772m. According to a statement by the bank, personal loans accounted for 84.2% of the bank’s total loans, reaching EGP 5.193bn at the end of 2017 …

Daily News Egypt