amwalalghad :: Banks

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        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 - 2014-11-23 11:02:33
Head of Retail Banking Sector and Senior General Manager at Egyptian Gulf Bank (EGB) Sherif Farouk revealed that the bank's gross loans which directed to Tanmeyah Micro Enterprise Services reached around EGP1.7 billion since the inception the company's financing during the last three years. Speaking to Amwal Al Ghad on Sunday, Farouk added that the bank's total loans in the current year reached EGP350 million and the bank is aiming to pump other EGP30 million before the end of the year, noting that existing portfolio are around EGP330 million, Farouk noted. The bank is targeting to increase its finance portfolio in favor of Tanmeyah to EGP420 million, explaining that the signed protocol between the bank and Tanmeyah is based on directing finance for customers less than EGP100.000 and it will be negotiated after the end of the protocol to increase the credit limit for financing projects of more than EGP100.000, Farouk emphasized. The defaulted Portfolio of the bank's financing for Tanmeyah is less than 3%, stressing that the partnership in Tanmeyah is one of the best projects in which the bank has participated in the last period. More»
Amwal Al Ghad English - 2014-11-23 10:31:08
Bank Audi S.A.E. - a member of Audi Saradar Group with operations across the MENA region – revealed its business results for the first nine months of 2014, reporting 11.2% growth in net profit. The bank posted a nine-month net profit amounting to EGP 329.504 million, compared to EGP 296.264 million a year earlier. The increase comes triggered by a significant surge of 20.1% in returns from loans and revenues to EGP 1.73 billion from EGP 1.44 billion. More»
Amwal Al Ghad English - 2014-11-23 10:00:06
Capital Intelligence (CI) has announced that it has affirmed Export Development Bank of Egypt's (EDBE) Financial Strength Rating (FSR) at 'BB-', with the Outlook for the FSR reverting to 'Stable' from 'Negative'. The international credit rating agency said this reflects a growing customer deposit base and comfortable liquidity position, the rebound in both operating and net profitability, coupled with improved net interest margin (NIM), and a moderate capital adequacy ratio (CAR). More»
Mohamed Hamdy - 2014-11-20 14:52:54
As pursuant to the central bank’s initiative, the National Bank of Egypt has approved so far 1066 low-income mortgage finance requests out of 1820. According to Karim Soos - Retail Risk Group Head at NBE – the bank has received so far 1820 requests, studied 1798 and approved 1066. Last February, CBE announced that it had allocated EGP 10 billion ($1.44 billion) to finance low-income housing projects, with the aim of boosting the country’s construction and real estate sectors. The money will be sent to banks, in the form of deposits, over a period of 20 years at low interest rates. Low-income citizens who qualify to benefit from the programme will be lent the money at yearly interest rate of 7% to 8%. More»
Sayed Badr - 2014-11-20 14:14:20
Egyptian Gulf Bank (EGB) is aiming to allure EGP1 billion new deposits by 2015. Head of Retail Banking Sector and Senior General Manager at Egyptian Gulf Bank (EGB) Sherif Farouk said the volume of deposit portfolio exceeded EGP8 billion in the current period, stressing that the bank is targeting to allure EGP1 billion new deposits by the next year. Speaking to Amwal Al Ghad on Thursday, Farouk added that the bank is testing savings certificate for 10 years to be launched by the next year, stressing that it will support the bank's deposits, in addition to starting banking insurance service by January 2015. The bank inaugurated new branch in El Sheikh Zayed within the last period and it is targeting to get the Central Bank of Egypt's approval to inaugurate branches in Ismailia, Suez, Port Said among the plan of 2014 so as to increase branches. The bank's financial reports revealed that it attained EGP181 million net profits against EGP153.4 million in the same period of the previous year, move up by 18% growth rates. More»