amwalalghad :: Banks

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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 - 2014-04-15 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»
Amwal al Ghad English - 2014-04-15 10:24:52
The National Bank of Egypt (NBE) seized 74%  from the total electronic receipt taxes which decided by all the banks which have joined the system that are 30 banks at the end of March 2014. The share of the personal financiers of NBE reached 70% from the total numbers which deal with the system in all banks who reached 28535 financiers and this affair led to the continuation of NBE to take the lion’s share in tax proceeds since the application of the system in 2009. More»
Amwal Al Ghad English - 2014-04-15 09:28:34
The Central Bank of Egypt (CBE) said in a statement that all banks operating in Egypt will be closed on Sunday, April 20 and Monday, April 21, 2014 for the Easter holidays.  Working in banks will be resumed on Tuesday, April 22, 2014. More»
Mohamed Hamdy & Sayed Badr - 2014-04-14 13:32:18
75% of total banks in Egypt decided to have their active role in upgrading informal areas and slums across the country. This  comes since the Federation of Egyptian Banks (FEB) announced an initiative last year focused on allocating portions of banks’ earnings in upgrading the informal areas in Egypt. According to senior sources from FEB, there were some banks operating in Egyptian market declined to take part in the FEB’s initiative for informal areas. In 2013, the Federation announced an initiative based on allocating 1.5-2% of banks’ earnings designated to upgrade informal areas in cooperation with Egypt’s ministry for local development. The sources further added to Amwal Al Ghad that some banks participated in the FEB’s initiative have not posted profits in 2013, yet they decided to undertake their social responsibility, notably the Egyptian Arab Land Bank (EALB). In the same vein, Mohamed Ozalp – Blom Bank Egypt’s Managing Director and  CEO – announced last week his bank’s contribution to the FEB’s initiative with EGP 1 million. More»