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Deposits in QNB are Safe: Amer
Cutting diplomatic relations with Qatar has no effect on bank’s activities in Egypt: QNB
CIB named best bank in Egypt this year, Ahli United Bank most efficient, NBE dominates customer satisfaction: Business News
EG Bank doubles its financial position, remains fastest growing bank for the second year in a row
NBE, CIB, Banque Misr, QNB Al-Ahli, HSBC hold over half of banking sector’s total profits as of December 2015
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
QNB net 2014 profits inched up to $2.9bn
QNB Group continued growth in 2014 with increase in net profits, shareholders and assets
QNB aims to be largest lender In Mideast, Africa by 2017
Reuters – Qatar National Bank (QNB) is aiming to become the largest lender in the Middle East and Africa by 2017, its finance head said on Thursday, as the bank continues to look beyond its home market for growth opportunities. Currently the biggest bank in the Gulf region, it is looking for acquisition targets in Turkey, Morocco and sub-Saharan Africa, Chief Financial …
Banque Misr, National Bank of Egypt subscribe to $200m in international government bonds
$2.7bn bond package released several days ago on Irish stock market
Egypt: International banks eyeing long-term growth
Egypt’s market is also attracting attention from Gulf banks
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NBE, Banque Misr dump foreign assets
Arab investors nevertheless label Egyptian banking sector ‘promising’
Purchase offer period ends as QNB acquires 100% of NSGB
Qatar National Bank bought each share at EGP 35.65, with the total value of the sale reaching EGP 16.142bn
Qatar National Bank buys 100% of NSGB
EFSA has approved QNB’s offer of EGP 38.65 per share for 100% of NSGB’s shares
QNB offers a tender to take over entire NSGB stake
This deal acts as an important step in QNB’s strategy to expand in foreign markets and is the largest acquisition in the history of the QNB group
Egypt: Banks attracting Gulf investors
By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector back into the headlines on a positive note, helping offset a recent ratings downgrade. While the transactions also represent the …
Qatar National Bank in talks to acquire majority stake in NSGB
By Sarah Daoud Société Générale is in talks with Qatar National Bank (QNB) to sell its majority stake in its Egyptian subsidiary, according to Mohamed El Deeb, chairman and managing director of National Société Générale Bank-Egypt (NSGB-Egypt). QNB has expressed interest and approached the group about potential acquisition of its 77.2 percent majority stake in …