amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Business - Banks

Mohamed Hamdy - 2014-10-02 12:10:47
Debts clients of National Bank of Egypt (NBE)'s White Taxi Project fell to EGP81 million at the end of September 2014 in compared to EGP130 million at last June. Head of Retail Credit Risk Sector at NBE Karim Sous said the bank did not receive any requests regarding the finance of the third phase of White Taxi Project in the light of the lack of a guarantee to the Ministry of Finance. Four other banks will finance the project along with NBE, Banque Misr, Alex Bank Intesa Sanpaolo and Nasser Social Bank. Sous revealed that 1000 defaulter clients' debts were timetabled by NBE within White Taxi initiative in which the banks delayed the installments 3 times since January25 uprising. More»
Mohamed Hamdy - 2014-10-02 11:56:00
Misr Iran Development Bank (MIDB) announced Thursday its profits hit EGP 229 million during the first nine months of 2014. The bank posted profits worth EGP 187 million during the last six months ended on June 30, 2014. According to an official at MIDB spoke to Amwal Al Ghad on Thursday, the bank recorded EGP 42 million in profits during the third quarter of 2014, versus EGP 95 million during second quarter. Misr Iran is targeting 20% growth in its net profits to EGP 300 million by end of 2014, the source noted. Furthermore, the source referred that MIDB signed an agreement with the Egyptian Mortgage Finance Fund, allocating around EGP 150 million to offer its client the new mortgage product within the current month. Over 10 banks had already signed agreements with the Egyptian Mortgage Finance Fund, notably the National Bank of Egypt, Banque Du Caire, Housing and Development Bank (HDB), Egyptian Arab Land Bank (EALB), and Industrial Development & Workers Bank of Egypt (IDWBE). Following the increase in its authorised and paid-up capital to EGP one billion, Misr Iran has become fully compliant with Basel II standards. More»
Al Zahraa Mostafa - 2014-10-02 10:14:42
The Egyptian Arab Land Bank announced Thursday its mutual fund ‘Al Masry’ recorded a net profit of EGP 77 million (US$10.7 million) during fiscal year ended June 30, 2014. EALB’s Al Masry, an open end-fixed income fund with accumulative returns, was established in April 2013, with an initial capital of EGP 50 million (around US$7 million).  Subscription on the fund began during the first quarter of 2013 and was covered by 600%. The fund is managed by Alpha Capital, an Egyptian investment bank established in 2009. Furthermore, the income statement of EALB’s Al Masry also showed that the fund’s total revenues reached EGP 96 million. Acceptance documents hit around EGP 7.7 million by June 30-end. In addition, the volume of current assets in the fund recorded EGP 886.4 million. Meanwhile, Al Masry fund had bought EGP 50 million worth of the investment certificates, dedicated to finance the new Suez Canal. More»
Mohamed Hamdy - 2014-10-01 12:35:24
 Alhi United Bank (AUB) is aiming to open letters of Credit worth EGP10 billion in petroleum and food sectors to implement import and export operations during the last quarter of this year. An official source in AUB told Amwal Al Ghad that the bank has opened letters of credit with EGP7 billion within the first 8 months of this year to several firms operating in food and grains along with EGP1.5 billion letters of credit for petroleum sector during the same period of this year. The source said the duration of opening short-term letters of credit is ranging between 3-6 months, adding that the bank succeeded to expand in open Letters of guarantee and letters of credit and collection documents benefited from the bank's virtue of network correspondents abroad. More»
Amwal Al Ghad English - 2014-10-01 11:22:40
 Five Egyptian banks will start pumping the biggest loan in the history of the Egyptian banking system worth EGP10 billion for petroleum sector in order to pay off the debts of petroleum sector and to meet with the demands of citizens in this sector. Heads of National Bank of Egypt (NBE), Banque Misr, Commercial International Bank(CIB), Arab African International Bank (AAIB) and Qatar National Bank(QNB) will sign an agreement on Wednesday in the Headquarters of Petroleum Ministry with the Chairman of Misr Petroleum Company and Petroleum Cooperative Society Co. (COOP). NBE Chairman Hisham Okasha explained that this loan is EGP6 billion that will provide with Egyptian pound and US$550 million (EGP4 billion). He pointed out that the loan term for the Egyptian pound is 5 years with one year grace period and the term of dollar is 4 years along with one-year also grace period. More»