amwalalghad :: Banks

Your English Portal To Arab Economy

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

Mohamed Hamdy, Sayd Badr - 2013-10-09 11:31:35
 The size of US $ dollar deposits of Banque Du Caire hit $1.5 billion at the end of September 2013, compared to $1 billion at the end of last March. Mohamed Taha, the Deputy Chairman of the bank, said in an exclusive to Amwal Al Ghad, there are many customers who converted their money into local currency , fearing from the continued decline of US $ dollar which registering now EGP 6.90 for buying and EGP 6.92 for selling, but this affair won’t affect the US $ dollar portfolios of the bank. Banque Du Caire has portfolio deposits up around EGP 54 billion in the last June, recording EGP 4.9 billion increasing in compared with the last year. Taha has explained that the bank is currently exporting foreign currency significantly, in compared to the last period which the bank resorted to import foreign currency in order to create a confidence between the bank and the customers. More»
Mohamed Hamdy - 2013-10-09 10:38:37
The deposits portfolio of the National Societe Generale Bank (NSGB) in Egypt surged by EGP 10 billion move up with EGP 63.7 billion at the end of September compared to EGP 53.7 billion at the end of 2012. The separate financial statements of the bank revealed that the total granted loans and facilities of the customers went up by EGP 3.3 billion, registering EGP 40.3 billion by the end of the current year, compared to EGP 37.1 billion 2012-end. The bank’s treasury bills  investments hit EGP 1.8 billion, recording about EGP 14 billion at the end of September, against EGP 12.2 billion at the end of 2012. The total assets of NSGB inched by EGP 10 billion, recording EGP 76.4 billion at the end of September, compared to EGP 66.4 billion in 2012. The Bank’s cash balances with the Central Bank of Egypt (CBE) jumped a hit worth EGP 1.2 billion, registering EGP 5.3 billion in September2013, against EGP 4.02 billion in 2012. More»
Amwal Al Ghad English - 2013-10-09 10:04:13
QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, announced its results today for the nine months ended 30 September 2013. These results include the financial results of NSGB in Egypt, in which the Group concluded the acquisition of a controlling stake amounting to 97.12% in March 2013. For the nine months of 2013 Net Profit was QR7.1 billion (USD2.0 billion), up by 14.1% compared to the same period last year. The Group’s prudent cost control policy and strong revenue generating capability allowed it to maintain an efficiency ratio (cost to income ratio) of 20.4%, which is considered one of the best ratios among financial institutions in the region. Total assets increased by 24.5% from September 2012 to reach QR437 billion (USD120.0 billion), the highest ever achieved by the Group. This was the result of a strong growth rate of 27.4% in loans and advances to reach QR304 billion (USD83.5 billion). More»
Amwal Al Ghad English - 2013-10-09 09:55:43
Egypt's banks will be closed from Monday 14th to Thursday 17th for Eid Al-Adha holiday celebrations, announced the central bank of Egypt in a statement on Tuesday. Work will resume Sunday 20th, added the bank. More»
Mohamed Hamdy - 2013-10-08 14:55:18
The Central Bank of Egypt (CBE) has accepted today EGP 13 billion in the 12th auction seven-day deposit operations at an interest rate of 9.25%. An official source in the bank said that banks have offered EGP 25 billion on the CBE and 53% has been accepted. This comes after CBE had re-introduced deposit operations in the last April to absorb excess liquidity of the local banks, as CBE has received from the banks EGP 155 billion over 11auctions. CBE has reduced the price of the required liquidity interest with 1% to reach 9.25% instead of 10.25%. The details and results of the auction are announced on the website of the central bank. More»