HHD close to acquiring bank loans to finance development plan
Company sees increase in capital, offering bonds convertible to shares to complete…
Egypt, France discuss €1bn Strategic Partnership Agreement
Present at the meeting with the minister were France’s Ambassador to Egypt,…
Farmer investment loans decline 2.3% to EGP 13.8bn in FY 2018/19: CAPMAS
In its annual bulletin of agricultural sector cooperative activity in FY 2018/19,…
Non-performing loans in Egypt’s banks drop to 3.9% end-June
Banks allocate EGP 150.079bn to address doubtful debts, alongside reserves of EGP…
Mortgage finance companies likely to provide EGP 3.5bn loans in 2021
Mortgage finance is safe haven for real estate investments in current period,…
Private sector holds 61.7% of total bank loans in April: CBE
Total deposits see 14.33% growth in April, compared to 13.9% in March;…
Cairo Chamber of Commerce calls for adding commercial, service sectors in CBE’s 5% interest loans
Move is to protect commercial sector and allow it to fulfil obligations
CBE offers 2-year hotel loans with 6-month grace
Government halts administrative distraint on defaulters in tourism sector for one year
HDB pumps EGP 100m for auto loans in two months
Bank to centralise retail credit services, deciding on client’s credit eligibility take…
Developers demand continuous, unlimited financing mechanism of mortgage loans
Egypt’s Ministry of Housing demanded the provision of logical payment periods for…