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        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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

Radwa Alaa - 2013-06-10 10:02:41
Central Bank of Egypt (CBE) has offered on Monday US$ 40 million to local banks at its 66th auction and the 48th since Hisham Ramez hold the office of the CBE’s Governor last February. Accordingly, CBE has pumped around US$ 1.94 billion in the foreign exchange market through its periodical FX auction in an attempt to provide foreign liquidity for the local banks so as to finance the import of essential commodities. Accordingly, the total volume of the auctions, in which CBE’s has pumped in the exchange market, reached US$ 2.02 billion. In addition to pumping US$ 1.4 billion through two non-periodic FX auctions in which it contributed in reducing US Dollars rates in the parallel market; the first auction was by the middle of last April worth US$ 600 million and the second was two weeks ago worth US$ 800 million. Following the last two non-periodic FX auction US dollars had witnessed relative stability in the market during last weeks, as US dollars have posted a higher rates of one piaster to stand at EGP 7.019, for the first time since the applying of FX Auctions System, up from EGP 7.012 before the auction. Whereas the average increase of US dollars rates per week reached one and a half Piaster coinciding with CBE’s FX Auctions. Furthermore, In CBE’s last FX auction, on last Thursday, the exchange rates of US Dollars recorded US$ 6.9790. More»
Mohamed Hamdy - 2013-06-09 13:39:04
The total volume of Ahli United Bank (AUB)'s foreign transactions, represented in letter of credit and letter of guarantee,  have hit EGP 10 billion during the first 5 months of the current year. Senior source from Ahli United Bank told Amwal Al Ghad that the bank agreed to open letter of credit and letter of guarantee, at total amount of US$ 600 million, for companies working in the petroleum sector for exporting crude oil purposes. In 2012, the total volume of AUB's foreign transactions reached EGP 13.7 billion, compared to EGP 3.6 billion in 2011, recording an increase of EGP 10.1 billion. More»
Radwa Alaa - 2013-06-09 12:43:30
Arab Banking Corporation (ABC) has recorded net profit of EGP 28.6 million, by the first quarter of the current year, 332.9% higher representing a raise worth EGP 22.07 million, compared to EGP 6.6 million posted during the same period last year. ABC's financial statements showed a decline in the bank’s volume of the t-bills investments by 8.7% (EGP 146.8 million), as it eventually hit EGP 1.5 billion by the end of last March, opposed to 1.6 billion by the end of 2012. Furthermore, the volume of loan and facilities portfolio also fell by 15%, a decrease worth EGP 319.8 million, as it eventually reached EGP 1.8 billion by March-end, compared to EPG 2.1 billion by 2012-end. The volume of ABC's deposit portfolio recorded EGP 4.8 billion by March-end, compared to EGP 4.7 billion by 2012-end, achieving a growth rate of 3.1% worth EGP 149.8 billion. Also by March-end, ABC's total assets rose to EGP 6.5 billion, 3.9% higher of EGP 245.1 million, opposed to EGP 6.2 billion by 2012-end. More»
Mohamed Hamdy - 2013-06-09 09:02:41
6 Banks will be signing the final contracts for Hyde Park’s Loan worth EGP 1.2 billion next Tuesday. The loan arranger 6 banks are; the National Bank of Egypt (NBE), the Egyptian Arab Land Bank (EALB), Banque Du Caire, the United Bank , Arab Investment Bank as well as Industrial Development & Workers Bank of Egypt (IDWBE). NBE will be the main arranger of Hyde Park’s loan which is allocated to finance the commercial framework for the project in New Cairo district. It is worth mentioning that the alliance of Housing and Development Bank (HDB) had raised its share in Hyde Park’s ownership structure, to eventually reach 82.5%. In the mean while, negotiations are currently being held with the UAE developer DAMAC in order to sell its shares (17.5%), in favor of the Egyptian New Urban Communities Authority (NUCA). DAMAC shall sell its shares in Hyde Park Co. in return for settling its long-standing disputes with the Egyptian authorities. More»
Mohamed Hamdy - 2013-06-08 11:36:27
The National Bank of Egypt ( NBE) stated on Saturday that its corporate loan portfolio has hiked to EGP 76 billion by the end of last May, compared to EGP 60 billion by the end of 2012, representing an increase of EGP 16 billion Mahmoud Montasser, board member and head of credit at NBE, expected that the bank’s credit portfolio is likely to  steady at EGP 76 billion by the end of the current fiscal year, thanks to the reimbursements that shall be collected within this month. Meanwhile, Mr. Montasser pointed out that the NBE has taken part in arranging number of syndicated loans in the market,  notably Mobinil’s loan of EGP 2.9 billion and Hyde Park’s of EGP 1.3 billion besides the Egyptian Chemical Industries (KIMA)’s of US$423 million. Additionally,  that NBE is seeking to obtain EGP 180 million from Al Nasr Co. For Coke & Chemicals’ loan worth € 85 million (EGP 720 million), he added. The  bank is also seeking to pump US$ one billion for the electricity sector within the upcoming period, in addition to contributing with EGP 1.1 billion for the  South Helwan Power Plant project loan of EGP 3 billion. More»