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Egyptian remittances at Banque Misr, NBE, Banque du Caire increase to as high as 35%
Leaders of the National Bank of Egypt and Banque Misr revealed that 30% of the remittances sent by Egyptians abroad to banks now remain in Egyptian banks compared to the previous 1%. There has been an upwards trend in these rates since the flotation of the Egyptian pound last Thursday. Vice chairperson of the National …
NBE, Banque Misr, Banque du Caire launch EGP-denominated saving certificates with 20% interest rate, 18-month maturity period
The banks also launced three-year certificates with a 16% interest rate
Misr Financial Investments Company contracts with Hermes, HSBC to offer its Banque du Caire share on EGX
The company will remain the owner of the ruling share in the bank after the offering, says prominent banker
State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE
Banking sector accounts for 77% of total outstanding balances of bills
Banque Du Caire finances purchase of 7,317 residential units within CBE real estate financing initiative
Banque Du Caire purchased 7,317 residential units for low and middle-income segments as part an initiative by the Central Bank of Egypt (CBE) launched between February 2014 and September 2016, according to Mounir El-Zahid, chairperson of the bank. El-Zahid explained that there are nearly 4,326 loans already being implemented worth EGP 320m, in addition to …
Banque du Caire’s share in joint loans during H1 of 2016 amounts to EGP 8bn: chairperson
The bank is keen to take part in financing different economic sectors to support social and economic development, says El Zahid
Banque du Caire prepares to fund Suez Canal Development Projects: executive board member
The bank is prioritising its available US dollars to raw materials and production requirements, says Mokhtar
Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire
Banque du Caire, along with all state-owned banks, does not obtain its US dollars from tenders of the Central Bank of Egypt (CBE) held on Tuesdays, said CEO and chairperson of Banque du Caire Mounir, El Zahid. El Zahid told Daily News Egypt that the National Bank of Egypt, Banque Misr, and Banque du Caire …
Banque du Caire enhances its role in social responsibility in 2015: El-Nahas
The bank launched numerous humanitarian initiatives, most importantly the charity convoys that provide services to citizens in Upper Egypt villages
Banque du Caire aims for 10-12% growth in loan portfolio by year’s end: Financial Sector manager
The bank aims to increase its deposit portfolio to EGP 91bn, says Ismail
Banque du Caire aims to become the strongest bank supporting SMEs: CEO
Banque du Caire seeks to become the strongest bank operating in the Egyptian market in the field of small- and medium-sized enterprises financing (SMEs), according to Mounir El-Zahid, CEO and chairperson of the bank. El-Zahid said that the bank has considerable experience in financing these projects. It has created a separate department for SMEs, trained …
Banque du Caire to remain under state control after increasing its capital by 20% on EGX: chairperson
The bank will continue its role in serving the economy, even after the government’s stake in it is reduce
Banque du Caire profits increase by EGP 690m in 2015: El-Zahid
All of the bank’s profits resulting from real operations, not the product of asset sales, says chairperson
Banque Du Caire allocates EGP 1.5bn to finance SMEs over 6 months: bank chairperson
SMEs define the future policy of the banking sector
Banque Du Caire finances the purchase of 6,229 housing units for low- and middle-income individuals by end of May
The bank contributes EGP 6.5bn in the syndicated loan arranged for the benefit of the Social Housing Fund, says El-Zahid
Public banks stop selling their 15% interest certificates on Sunday
The three state-owned banks have begun offering these certificates in mid-March 2016
Banque Du Caire to invest EGP 700m in transport, electricity sectors: chairperson
The bank will focus on the energy and transport sectors in part due to the large social impact and for their alignment with the government’s development plans, according to al-Zahid
No serious steps taken so far to sell United Bank, offer shares of AAIB, Banque du Caire in IPO: CBE deputy governor
This issue is still being studied, and we are coordinating with Kuwait regarding the AAIB, says Negm
Panama Papers expose the Mubaraks, tycoons and banks
Some tax haven countries come ahead of European and Gulf countries as top investors in Egypt, says former top tax official
CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO
Timing, price, and promotion are important factors for a successful launch on the EGX, says financial analyst
Banque du Caire aims to inject EGP 2bn into SMEs during 2016: Chairperson
El-Zahid said the bank has been supporting these projects for more than 10 years, and the loans directed to them represent 5% of the bank’s loans portfolio
Foreign deposits, withdrawals balance out at banks on Wednesday, Thursday
Approximately $8m exited one of the largest banks following CBE decision to cancel cap on foreign currency withdrawals and deposits
‘Belady’ euro certificates offered to Egyptians in Europe
These certificates are similar to the ‘Belady’ dollar certificates that the three banks offered at the beginning of March.
Government banks issue domestic US dollar bond certificates and prepare international euro bond certificates
NBE, Banque Misr, Banque du Caire will offer three-year certificate to Egyptians living within the country and five-year certificate to those living in Europe
Government banks issue CDs to domestic market in US dollar
NBE, Banque Misr, Banque du Caire will offer three-year CD to Egyptians living within the country and five-year CD to those living in Europe
NBE, Banque du Caire, Banque Misr to accept subscriptions of Egyptians expats to ‘Bilady’ dollar certificate starting Tuesday
Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram said that the bond certificate is a response to calls from Egyptians living abroad to have a high yield bond certificate that can also bolster Egypt’s economy
NBE, Banque Misr, Banque Du Caire to launch ‘Bilady’ certificates for Egyptians abroad
Certificate will be issued in dollars with three and five-year maturation periods and yields ranging between 3.5% – 5%
Banque du Caire conducts study of EGP 1.5bn investment
The bank invested EGP 1.4bn in projects related to electricity, housing, food industries, says El-Zahid
Banque Du Caire offers youth electronic shopping card
The card is one of the bank’s many products that aim at achieving financial inclusion, says Chairman El-Zahid
6 banks exempted from applying maximum wage
Six other banks await a judicial ruling for exemption