amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Universal For Paper and Packag   4.94        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        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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

Al Zahraa Mostafa - 2014-09-22 13:02:45
The National Bank of Kuwait – Egypt announced Monday a 335% year-on-year surge in net profits of its mutual fund Mizan during fiscal year ended on June 30, 2014. Mizan’s net profits reached EGP 49.6 million in FY2013/14, compared to EGP 11.4 million for the same period a year earlier. NBK-Egypt’s income statement also revealed that Mizan posted total revenues worth EGP 53.6 million by end of June 2014, opposed to EGP 12.4 million only by end of June 2013.  Change in the fair value seized 74% of Mizan’s revenues to hit EGP 39.7 million. Moreover, the total current assets of Mizan rose 52% to EGP 162.5 million by end of June 2014, versus EGP 106.9 million at end of June 2013. In May 2006, NBK-Egypt established Mizan, an open-ended mutual fund with return and periodic distribution, by virtue of Capital Market Law No. 95/1992 and its Executive Regulation. More»
Mohamed Hamdy - 2014-09-22 12:27:47
 National Bank of Egypt (NBE) will sign 5 agreements with the Social Fund for Development (SFD) worth EGP850 million by the next month. NBE's Deputy Head of Small and Medium-Sized Enterprises Division, Saad Mohy Eldeen told Amwal Al Ghad that the new contracts will be directed to finance small and medium projects along with the current account debtor and Furniture projects. On the other hand, SFD's General Secretary Hanaa El Hilaly added that the fund is considering signing new contracts with banks, NBE, Housing and Development Bank(HDB) and United Bank are in the forefront. The total concluded contracts between the bank and the fund since the beginning of the deal in 1992 are around EGP7.8 billion to implement 99 contracts through financing more than 136 thousand projects. More»
Mohamed Hamdy - 2014-09-22 08:32:15
Ahli United Bank (AUB) has opened letters of credit worth EGP1.5 billion within the first 8 months of the current year in favor of many firms in petroleum sector in order to import and export. An official source told Amwal Al Ghad that the period of opening short term letters of credit ranging between 3 to 6 months, adding that the bank succeeded in expanding letters of credit and Guarantee. The bank has opened letters with value of EGP7 billion in 8 months for the firms operating in food and grain to carry out import and export. AUB has supported several sectors including food, medicines and petroleum products and it succeeded in alluring major customers for trade market and the finance of foreign trade helps to expand marketing capacity through inaugurating new markets beside local products. More»
Amwal Al Ghad English - 2014-09-22 07:28:48
Investment certificates issued earlier this month to finance the digging of a new Suez Canal have attracted EGP 27 billion ($3.8 billion) of fresh cash to the Egyptian banking system, announced the central bank's governor, Hisham Ramez, on Sunday. The government has gathered a total of EGP 64 billion from the certificates, surpassing the EGP 60 billion initially targeted to finance the national project, Ramez told reporters at a press conference. The certificates were sold exclusively to Egyptians in the local currency at values of EGP 10, EGP 100, EGP 1000 at an interest rate of 12 percent, the highest offered on any such instruments by Egyptian banks. They were met with huge popular demand, as 82 percent of buyers were individuals, with EGP 15.7 million worth of the lower value EGP 10 and EGP 100 certificates sold. Only 10 percent of Egyptians have bank accounts, according to the World Bank. A total of $1.5 billion were converted to Egyptian pounds inside the banking system to buy the certificates, and Egyptian expatriates bought EGP 350 million worth of certificates. The extra EGP 4 billion collected will be used to fund the project, confirmed Ramez. The extension of the canal, which links the Mediterranean Sea to the Indian Ocean via the Red Sea, is expected to increase annual revenues from the waterway to Egypt's coffers over the next nine years to $12-13 billion, according to Finance Minister Hany Qadry Demian. More»
Amwal Al Ghad English - 2014-09-22 06:37:30
Bank of America Corp (BAC.N), the second-largest U.S. bank by total assets, could see its shares climb 50 percent over the next three years, Barron's financial newspaper said on Sunday. The bank could report earnings per share of $2 by 2017, which compares with 75 cents this year, according to the report. While legal costs related to the global financial crisis have impacted the bank's earnings, it should start to become more profitable in the fourth quarter, Barron's noted. The company is also expected to raise its dividend to 55 cents per share by 2017. Chief Executive Brian Moynihan told the newspaper that the bank is seeing rising profit in its core units. "There's a lot to talk about when earnings will get back to normal," he told Barron's. Shares in Bank of America closed on Friday at $16.95 per share. More»