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

Amwal Al Ghad English - 2016-08-25 08:16:37
The Central Bank of Egypt (CBE) on Wednesday provided an interest-free loan to three major banks, including the National Bank of Egypt (NBE), Banque Misr, and Banque du Caire. The loan is worth EGP 31bn and will last for a 10-year period, according to a source that preferred to remain anonymous. The source said that the loan aims to support the capital base of the banks, and to adjust their capital adequacy rates in accordance with international rates, led by the Basel II Framework. According to a senior official at Banque Misr, the bank’s share of the loan is EGP 16bn. It is also believed that the NBE obtained EGP 5bn, and Banque du Caire obtained EGP 10bn. The source noted that the CBE organised an auction and offered its bonds in favour of the Ministry of Finance for the same value, where public banks subscribed for the three-year bonds with a return rate of 16%. More»
Ahmed Ali - 2016-08-24 17:47:08
An alliance of three major lenders in Egypt is set to lend property developer Misr Italia multimillion of Egyptian pounds, a source with knowledge of the matter told Amwal Al Ghad on Wednesday. The banking alliance will secure a loan worth 712 million Egyptian pounds ($80.2 million) to finance the company’s Cairo Business Park project, which will be the first administrative compound in New Cairo district, the source said. As for the banking alliance, the source said it includes the National Bank of Egypt (NBE), Bank Audi Egypt, and the Egyptian Gulf Bank (EGB), with the possibility to see one more bank or two keen to join. NBE, the main arranger, will finance 45 percent of the loan; while the two other lenders are still in final board talks to determine the amount of their contribution, the source added. The loan is set to finance around 47.5 percent of the Cairo Business Park project’s total investment cost, which amounts to 1.5 billion pounds; while the remaining percentage will be self-financed, the source said. The loan has a nine-year maturity, with a grace and draw-down period of three years, and will be paid pack in six years, the source stated. Cairo Business Park consists of 42 administrative buildings covering 90,000 square metres, while the commercial buildings will cover space of 20,000 square metres, in addition to a car park, a 120-room hotel, a conference hall accommodating 1,000 individuals. It will serve medium-size and large-sized projects. More»
Ahmed Ali & Mohamed Hamdy - 2016-08-23 14:24:35
Emirates NBD is bracing for a new strategy dedicated to expand its support for small and medium-sized enterprises in Egypt. The Egyptian arm of the UAE lender has established a new division for the SMEs to outline the projects to finance as well as risks haunting this sector, its deputy managing director Sahar El Damati told Amwal Al Ghad on Tuesday. El Damati said Emirates NBD Egypt would strongly expand into financing projects related to micro, small, and medium-sized segments next September. Earlier this month, Hesham Abdulla Al Qassim, Vice Chairman of Emirates NBD, said in a televised interview that his bank had boosted its credit portfolio for small and medium-sized businesses in Egypt to 25 percent in response to President Sisi’s SME initiative. More»
Mohamed Hamdy & Sayed Badr - 2016-08-23 09:53:45
Egypt's Nasser Social Bank (NSB) says it plans to pump 200 million Egyptian pounds ($22.5 million) into its capital within the current year, to stand at 2.2 billion pounds. NSB’s board has approved the capital increase step, which comes as part of the bank’s expansion plan, its chairman Mohamed Shoman told Amwal Al Ghad on Tuesday. Shoman further said NSB also targets a net profit of 339.627 million pounds by the end of the year. NSB’s budget for the current financial year is estimated at around 19.930 billion pounds, including costs and expenses worth 1.298 billion pounds, and wages of 335.841 million pounds. Nasser Social Bank is an interest-free savings and investment bank for social and economic development, pension, and social security business. More»
Amwal Al Ghad English - 2016-08-23 07:44:32
Bank of Japan Governor Haruhiko Kuroda said the central bank may apply financial technology, or "fintech," to its operations in the future given its growing influence on global payments, settlements and financial services. The BOJ is ready to lead research and analysis to promote fintech in Japan given it has "various implications" for central banking, Kuroda told a seminar hosted by the bank on "fintech" on Tuesday. "The BOJ is ready to make its best efforts to support the sound development of fintech to enhance the welfare of financial service users as well as economic activities," Kuroda said. Fintech involves newly enabled technologies that companies make or use to make financial services more efficient. A laggard in embracing the fintech revolution, Japan is moving to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals' cash deposits. Under pressure from weak loan demand, megabanks see an opportunity to earn money through fintech, though they are also aware of its potential to disrupt traditional business models. In April, the BOJ established a section in charge of fintech to offer guidance to financial institutions seeking new business opportunities. More»