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        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        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        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        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 - 2014-04-16 12:09:31
The Industrial Development and Workers Bank of Egypt (IDWB) targets a 33% growth in its retail loan portfolio to hit EGP 150 million within the current year. Hamdi Azzam, Executive Board Member at IDWB, said his bank’s anticipated expansions in granting personal finances and other loans related to natural gas delivery to homes will bolster its retail loan portfolio within 2014. IDWB is also planning to secure EGP 250 million from the Central Bank of Egypt as pursuant to the recently-declared mortgage funding initiative. CBE announced in February that it had allocated EGP 10 billion ($1.44 billion) to finance low-income housing projects, with the aim of boosting the construction and real estate sectors. The money will be sent to banks, in the form of deposits, over a period of 20 years at low interest rates. Low-income citizens who qualify to benefit from the programme will be lent the money at yearly interest rate of 7% to 8%. More»
Amwal Al Ghad English - 2014-04-16 11:38:47
Qatar National Bank Al Ahli announced on Wednesday its participation in the Central Bank of Egypt’s mortgage finance initiative.  This comes after QNB Al Ahli had revealed today the launch of its mortgage finance product to finance low-income housing projects. CBE announced in February that it had allocated EGP 10 billion ($1.44 billion) to finance low-income housing projects, with the aim of boosting the construction and real estate sectors. The money will be sent to banks, in the form of deposits, over a period of 20 years at low interest rates. Low-income citizens who qualify to benefit from the programme will be lent the money at yearly interest rate of 7% to 8%. More»
Mohamed Hamdy - 2014-04-16 10:08:11
Egyptian Arab Land Bank (EALB) finalized conducting settlements with clients in default worth EGP500 million within 9 months for the fiscal year of 2013/2014 against EGP420 million settlements at the end of 2013, Abdel Megeed Mohey El-Din, the Vice President said. Speaking to Amwal Al Ghad Arabic’s Website, Mohey added that the settlements distributed with EGP200 million during the first quarter, EGP220 million for the second quarter and EGP80 million for the third quarter. The non-performing debt Portfolio of tourism sector reaches up EGP4 billion in the current phase from the financing portfolio which is EGP12 billion, Mohey explained. The bank has recently inked protocol with Marsa Abu Dhabi Properties Company in the last week in order to marketing the bank's assets in Gulf countries, as the bank has real estate assets worth EGP2.7 billion. More»
Sayed Badr - 2014-04-15 13:54:52
Al Baraka Islamic Bank Egypt  attained 15% average growth rate in various banking activities within the first quarter of 2014 in compared to the same period of the last year, Ashraf El Gamrawy, vice chairman and CEO said. El Gamrawy has quoted Amwal Al Ghad Arabic’s Website that the bank’s board of directors aims to inaugurate two new branches during the current month, becoming 28 subsidiaries one in Abbasia and the other Saint Fatima, this in the framework of the bank’s schemes for opening 5 fresh branches within the ongoing year, noting the bank targets its branches to become 40 by 2018. The bank inaugurated 3 branches in 2013, and its subsidiaries became 26 distributing across Egypt, explaining that Al Baraka started preparing the new headquarters of its main center in New Cairo with the latest information technology systems, meanwhile the new banking system ‘Equation’ has implemented after the operating tests have been succeeded El Gamrawy explained. 2013 financial statements of the bank revealed that the total operated income reached EGP696 million, move up by 14%  in compared to 2012 and the net income reached up EGP166 million in 2013, registering 22% increase, the bank’s assets hit EGP18.2 billion increased by 9%, the finance and investments portfolios grew by 8% to become EGP15.9 billion, the total deposit value and the rights of investment accounts owners inched by 8% to up EGP16.1 billion. More»
Amwal al Ghad English - 2014-04-15 13:10:36
Egypt’s Central Bank (CBE) is requesting on Tuesday around EGP50 billion of domestic surplus liquidity from local banks for Deposit Operation with 8.75% interest and 7-day maturity. CBE had already accepted around EGP 45 billion from banks in an auction for deposit operations last week within the same mechanism which started on April2 2013 for absorbing excess liquidity within the banking system through linking it with CBE for 7-day maturity with 10.25% fixed annual return, Meanwhile the banks offered EGP 96.6 billion from banks. According to the latest statements, CBE registered 41.5% average rate of employing loans to banking system’s deposits within January as the customers’ deposits for banks hit around EGP1.325 trillion in January 2014, against EGP548.8 billion during the same period. More»