amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        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

Sayed Badr - 2014-10-28 11:34:22
The National Investment Bank is studying to invest in a holding company for managing technological zones, which will be established by the Egyptian ICT Ministry. The Egyptian Information and Communication Technology (ICT) Ministry is planning to establish a holding company designated for managing technological zones, with an estimated paid-up capital of 3.5 billion Egyptian pounds (US$489.5 million). Speaking to Amwal Al Ghad on Tuesday, Momtaz al-Saeed – the ex-finance minister and board member at NIB – said the ICT ministry offered the bank to invest in the new holding company’s capital. NIB is still studying the ministry’s offer as well as the economic feasibility of investing in the new company before making any decision and determining the bank’s stake, al-Saeed noted. On Monday, a source from ICT Ministry told Amwal Al Ghad that the Ministry alongside Information Technology Industry Development Agency (ITIDA) and the National Telecom Regulatory Authority (NTRA) plan to launch a holding company to manage seven new technological zones. The source expected that the new company will start its activities before the end of the current year. The seven new technological zones will be built through the PPP system, in Technology Valley of Ismailia, Borg Al-Arab, Al-Sadat City, Damietta, Sohag, 10th of Ramadan area, and Aswan. More»
Amwal Al Ghad English - 2014-10-28 09:34:30
Standard Chartered PLC (STAN.LN) on Tuesday said its operating profit fell 16% in the third quarter, partly because of higher impairment losses. The emerging markets-focused bank said group operating profit for the three months ended Sept. 30 fell to $1.53 billion from $1.83 billion the same period a year earlier. Its third-quarter operating income rose to $4.51 billion from $4.47 billion. Total impairment in third quarter was $539 million, up from $289 million a year earlier, the bank said in a statement. The bank said the increase in loan impairment was related to a small number of accounts, primarily in the Corporate and Institutional Clients segment, some of which have been affected by weak commodity markets. "We remain watchful in India, in China and of commodity exposures more broadly, where we have continued to tighten our underwriting criteria and reduce our exposures," the lender said. Standard Chartered said it expects second-half underlying profit to be lower than a year earlier, partly due a higher U.K. bank levy, regulatory and restructuring costs. More»
Amwal Al Ghad English - 2014-10-28 09:25:19
Sweden's central bank cut its main interest rate to zero Tuesday, in a bid to boost inflation which has once again fallen below expectations. The Riksbank lowered its main repurchase agreement rate to zero from a previous level of 0.25%, which was a slightly bigger reduction than expected. Analysts asked by the Wall Street Journal had forecast a cut to 0.05%. The Riksbank last cut borrowing costs in July in an effort to lift an inflation rate that has been stuck around zero for most of this year, well below the 2% target set for the central bank by lawmakers. More»
Amwal Al Ghad English - 2014-10-28 09:25:17
Bank lending to China's property sector continued to grow at a slower pace in the third quarter of the year as the country's home market has cooled considerably since the beginning of this year. Outstanding loans made by Chinese banks to the property sector totaled 16.74 trillion yuan ($2.7 trillion) at the end of September, up 18.2% from a year earlier, the People's Bank of China said Tuesday. The growth was 1 percentage point lower than that of a quarter earlier, the central bank said. The slower growth in loans to the property sector reflects uncertainties in China's flagging home market, which poses one of the biggest risks to the world's second largest economy. Property developers have been cutting home prices to attract buyers amid rising inventory levels in many cities. The average price of new homes declined 1.1% in September from a year earlier, compared with a 0.5% gain in August, official data showed. Outstanding loans for property development totaled 4.18 trillion yuan at the end of third quarter, up 22% from a year earlier. The growth rate was 1.7 percentage points lower than that of the second-quarter, said the central bank. Outstanding mortgage loans to individuals rose 17.5% from a year earlier to 11.12 trillion yuan at the end of third quarter, said the central bank. China's central bank loosened mortgage restrictions at the end of September, allowing some existing homeowners to enjoy preferential lending rates and terms extended to first-time buyers. Analysts predicted that the move will boost mortgage loans in months ahead. More»
Sayed Badr - 2014-10-27 10:35:17
Banque Misr has recently inaugurated a number of new offices, to eventually own a total number of branches and banking units to 500 nationwide, including 5 branches in UAE. Accordingly, Banque Misr takes the lead among other Egyptian banks in having the largest network of branches. The newly-inaugurated offices locate in areas of; the Smart Village's Financial Neighborhood, Nasr City (Islamic Transactions), Gulf of Suez, Forex Exchange Office attached to Regency Plaza and Ritz Carlton Hotels in Sharm El-Sheikh. Banque Misr’s branches are all connected with a unified electronic system. The bank also enjoys a regional and international presence in Lebanon, Paris and Frankfurt. The bank also offers most up-to-date ATM machines, which are available all over the country 24 hours a day. More»