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Five banks start issuing prepaid cards to pay government dues electronically
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
CBE extends its initiative to support defaulters at ABE until June
Troubled debts up to EGP 4bn to be settled over nine months, including EGP 929m for 11,404 clients in CBE, says El Kosayer
CBE approves issuing EGP 870.3m worth ‘Aman’ certificates
NBE, Banque Misr, Banque du Caire, ABE started offering certificates in March 2018
Six important targets for ABE to achieve in 2019: Chairperson
‘We aim to increase bank’s role in microfinance, financial inclusion, expand e-payments’: Elkosayer
ABE general assembly adopts bank’s articles of association
Assembly decision last measure to complete implementation of Law 84 for merger of Upper, Lower Egypt banks into main bank: Elkosayer
MSMEs account for 75% of ABE’s loans portfolio by end October: chairperson
Bank pumped EGP 605m to 1,314 clients in CBE’s initiative, says Elkosayer
ABE launches Agri Phone service with e-finance, Progress Soft
Bank aims to provide new mobile payment channels in line with technology, latest solutions: Elkosayer
30% of ABE loans allocated to farmers, crop production: bank chairperson
Animal production projects receive 25% of portfolio, 20% for mechanisation projects, 25% individual, consumption, workers’ loans, says ElKosayer
ABE, Misr El Kheir Foundation cooperate for rehabilitation, operation of suspended livestock production stations
Bank’s cooperation with Misr El Kheir Foundation’s Ard El Kheir amounted to EGP 310m injected to 740 beneficiaries to raise 14,740 cattle: Elkosayer
ABE to offer global tender in 6 months to develop its technological structure: Chairperson
We addressed 26,000 defaults in EGP 1.5bn debts, settled 2,700 worth EGP 175m, says Elkosayer
SMEDA, ABE sign EGP 50m worth contract to support agricultural, livestock projects
Contracts signed between SMEDA, ABE since 1992 reached EGP 2.8bn
ABE, Bashaier sign protocol to introduce clients to agricultural marketing services
Protocol will allow both parties to implement marketing packages serving agricultural community, says Gomaa
SMEDA signs agreements with United Bank, ABE worth EGP 170m to finance small ventures after Eid
We aim to inject EGP 3bn to finance small and micro enterprises, says Gamea
ABE issues 168,000 Aman El-Masreen certificates worth EGP 183m in five months
Aman certificates’ outcome confirmed bank’s role in supporting state plan of financial inclusion, says Elkosayer
ABE signs technical, structural support agreement with RIAS, SANAD
Agreement aims to benefit ABE from experiences of Dutch Rabobank in supporting comprehensive reform, development plan, says Elkosayer
ABE settles outstanding debts for 480 customers worth EGP 38m within CBE initiative: chairperson
Bank’s bad debt portfolio declined to 13% of total loan portfolio, aims to reduce it to 10% by end of 2018, says Elkosayer
ABE, Ministry of Irrigation sign joint cooperation protocol in field of funding modern irrigation projects
Bank will fund these projects within framework of its role in achieving rural, agricultural development
ABE aims to become largest small projects bank in Egypt: chairperson
We are racing against time to completebank’s restructuring process, prepare it to take on a bigger role in serving national economy across various fields: Elkosayer
ABE injects EGP 300m into veal project over 7 months: chairperson
Bank offered loans to 2,158 customers to feed, fatten 22,400 cattle nationwide, intends to inject further EGP 200m in project soon
ABE issued 139,000 Aman certificates worth EGP 163m: chairperson
We have other requests worth EGP 88m, sales mostly of EGP 500, EGP 2,500 certificates, says ElKosayer
ABE receives 301,000 tonnes of wheat worth EGP 1.17bn
Beheira, Minya, Sharqeya governorates topped supply list of local wheat: ElKosayer
ABE launches 20 mobile service vehicles in 18 governorates
Mobile vehicles enable bank employees to reach all citizens who are not used to dealing with banks in villages, hamlets across various governorates The Agricultural Bank of Egypt (ABE) has launched 20 mobile service vehicles to offer banking services across the branches of the ABE in the villages and cities of the governorates of Giza, …
ABE, Visa launch partnership for cooperation in digital payments industry
The Agricultural Bank of Egypt (ABE) and Visa Inc have entered into a strategic partnership agreement which includes, in its first phase, the training of 400 ABE employees who deal directly with customers to improve the bank’s level of products and services within the framework of achieving the principle of financial inclusion. Elsayed Elkosayer, chairperson …
Cabinet approves ABE’s new board of directors
Daily News Egypt learned that Prime Minister Sherif Ismail issued a decree approving the formation of the Agricultural Bank of Egypt (ABE)’s new board of directors, which will last for three years. The new board includes Elsayed Elkosayer as chairperson of the board and Samy Abd El Sadek and Tamer Gomaa as vice chairpersons. The …
ABE launches electronic portfolio
The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with e-Finance for issuing the bank’s electronic portfolio through mobile to the bank’s customers. According to ABE Chairperson Elsayed Elkosayar, this service allows customers to pay bills, deposit, withdraw, and transfer from one portfolio to another, track their accounts and pay instalments in an …
ABE, SMEDA sign EGP 40m deal to finance women projects
60% of deal’s value allocated to women below poverty line
ABE aims injecting EGP 4.5bn in new loans during 2018: El Kosayar
ABE directs about 80% of loan portfolio to agricultural, livestock sectors, associated activities
ABE, 3 government agencies manage provision of livestock, distribution to small breeders
Bank will provide necessary funds for livestock imports, says El Kosayar
2018 to see 6% economic growth rates in 2018: El-Kosayer
Public debt is still safe and, unlikely to increase, keeping the current level of reserves is a great achievement
ABE supplies its veal project EGP 45m
The Agricultural Bank of Egypt (ABE) has provided EGP 45m to about 253 clients, part of its national project to revive veal, to finance the purchasing of 3,199 cattle and feed 2,766 of them. According to Sayed Elkosayer, chairperson of the bank, total ratified approvals for the project have reached EGP 180m. He explained that …