amwalalghad :: Banks

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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

Sayed Badr - 2014-08-12 08:18:46
Banque Du Caire is studying launching mutual fund with EGP100million before the end of the current year. Egyptian Investment Management Association (EIMA) Deputy Director General Mohamed Rajai said the mutual fund will be balanced fund to invest in stocks, bonds and fixed income instruments, explaining that the bank at the stage of selecting the fund manager. Banque Du Caire has four mutual funds with EGP2.515billion total value, noting that the bank eyes expanding in launching mutual funds during the current period and the total value of investment portfolio's profits up to EGP148million, Rajai noted. The bank aimed launching new fund in the last month but the new regulation of mutual funds which launched by Egyptian General Supervisory Authority (EFSA) postponed the launch of fund, he said. More»
Sayed Badr - 2014-08-11 14:20:22
Egypt's Ahli United Bank agreed to contribute around EGP 400 million to National Port Said Steel Company (NPSS)'s EGP 1.7 billion loan, a source near from the funding talks told Amwal Al Ghad. The source also added that the other banks have not decided yet about the amount of their contributions to the loan. Commercial International Bank – Egypt (CIB – Egypt), Bank Audi Egypt, Ahli United Bank, Emirates NBD, and AlexBank recently signed the terms and conditions of funding NPSS' loan. The loan will be directed to fund part of the investment cost to provide production line for NPSS' steel plant in Ain Al Sokhna. The National Port Said Steel Company (NPSS) is one of subsidiaries of the Egyptian Steel Group, which is owned by steel tycoon Ahmed Abou Hashima. National Port Said Steel established its first plant in 2000 with a designed capacity of 350,000 tons/yr steel Rebars located in Port Said city. More»
Sayed Badr - 2014-08-11 14:00:33
Banque Du Caire 's profits volume reached around EGP1.7billion at 2013 in compared to EGP1.4 billion within 2012, registering 22.5% growth rate. Chairman of the Bank's Board of Directors Mr. Mounir El-Zahed said the bank's profits after taxes reached EGP1.04billion explaining that the total return on equity reached 32%. The bank achieved these results after the assets boosted to EGP9billion to hit EGP65billion in 2013 in compared to EGP56billion in 2012, El-Zahed noted. The loan portfolio is EGP25billion against EGP22billion in 2012, with increase of EGP3billion, El-Zahed explained. Moreover, the bank's deposit portfolio reached EGP58billion in 2013 in compared to EGP49billion in 2012, with 18% growth rate. More»
Sayed Badr - 2014-08-10 10:33:18
Barclays' Egyptian arm is seeking to register profits worth 500 million Egyptian pounds (around US$70 million) by end of 2014, finance director of Barclays Egypt Mohamed Sherif told Amwal Al Ghad. Sherif further said Barclays Egypt's profits are hovering around the EGP 260 million level by end of the first half of 2014. In addition, the bank will be announcing its new strategy next September, which would go for achieving market share and developing its divisions, he noted. Elsewhere, by early 2015 Barclays Egypt is planning to move its administrative headquarters to eastern Cairo district, so as to serve the bank's future strategies. In that respect, the bank had secured EGP 480 million investments to establish its most modern administrative headquarters. More»
Amwal Al Ghad English - 2014-08-10 07:23:20
Capital Intelligence (CI), the international credit rating agency, has announced that Cairo-based QNB Alahli's (QNBA) (QNB AA, formerly 'Nationale Societe Generale Bank') Financial Strength Rating (FSR) is maintained at 'BBB-', notwithstanding ongoing economic pressures and the high sovereign risk related to a balance of payments and/or currency crisis. The FSR reflects the Bank's sound risk metrics thanks to adept balance sheet management, and its ongoing strong capacity to absorb unexpected losses. The FSR is also supported by continued good loan asset quality, comfortable liquidity and customer deposit funding, sound capital adequacy, and robust profitability at both operating and net levels. In view of the Bank's continued sound risk profile and effective buffers, the Outlook for the Bank's FSR is revised to 'Stable' from 'Negative'. QNB AA's Long- and Short-Term Foreign Currency Ratings (FCR) are maintained at 'B-' and 'B' respectively, on a 'Stable' Outlook, constrained by Egypt's Sovereign Ratings ('B-'/'B'/'Stable'). The FCRs denote significant credit risk, as the Bank's capacity for timely fulfillment of financial obligations is vulnerable to adverse changes in the operating environment and economy. More»