amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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

Radwa Alaa - 2013-03-28 13:10:57
Faisal Islamic Bank of Egypt’s net profit rose 224.8% (EGP 440.02 million) to reach EGP 635.7 million at the end of 2012, compared to EGP 195.7 million at the end of 2011. The bank’s consolidated financial statements showed that the bank’s investments in government securities surged 140.3% (EGP 8.9 billion) to reach EGP 15.2 billion at the end of 2012, compared to EGP 6.3 billion at the end of 2011. The value of the bank’s musharaka, murabaha and mudaraba finances offered to customers fell 3.7% (EGP 111 million) to reach EGP 2.8 billion at the end of 2012, compared to EGP 2.9 billion at the end of 2011. The value of the bank’s assets registered EGP 42.3 billion at the end of 2012, compared to EGP 36.1 billion at the end of 2011, registering an increase of 17.1% (EGP 6.2 billion). More»
Radwa Alaa - 2013-03-28 12:07:16
The National Bank of Egypt’s (NBE) Platinum Saving Certificate attracted EGP 10 billion during a month and a half after the bank raised the return rate on the certificate to 12.5%. The Platinum Certificate is one of the top savings pools in the market as it attracted deposits worth EGP 100.6 billion since being launched, sources said. Demand on these certificates highly increased after raising return rate as it attracts from EGP 200 million to EGP 250 million daily. It is worth noting that NBE raised return rate on the Platinum Saving Certificate to 11.5% last year, then reduced it to 10.5% and recently raised it again to 12.5% last February. Banks raise return rates on their savings pool so as to relieve the pressure on foreign currency and eliminate dollarization after Egypt’s foreign reserves fell to US$ 13.5 billion at the end of last February. More»
Mohamed Hamdy - 2013-03-28 10:09:41
Banque Du Caire plans to join a consortium as one of the main arrangers of the EGP 3 billion loan arranged by the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), National Société Générale Bank (NSGB), Arab African International Bank (AAIB) and Faisal Islamic Bank of Egypt for South Helwan Power Plant. Sources said the loan arrangers have given in-principle approval to the bank to join the consortium but not before signing the initial loan agreements with the company. There are a number of banks planning to contribute to the loan after it is marketed such as the Industrial Development and Workers Bank of Egypt. The power plant will operate three natural gas-run steam turbines and will be connected to the national power grid to meet the rising demand for electricity. OPEC (Organization of the Petroleum Exporting Countries) has approved to offer US$ 50 million finance and Islamic Development Bank (IDB) also approved to offer an additional loan worth US$ 250 million to finance the power plant. The establishment cost of the South Helwan Power Plant is 13 billion. The electricity sector is one of the top sectors financed by banks after 2011’s revolution. The East Delta Electricity Production Company received loan worth EGP 1.6 billion from the NBE, Banque Misr, Piraeus Bank Egypt, Industrial Development Bank of Egypt and Faisal Islamic Bank of Egypt to finance the establishment of four productive units at the Suez thermal power plant. The company also received loan worth US$ 110 million from the National Bank for Development (NBD), Banque Misr, Egyptian Gulf Bank, Al Baraka Islamic Bank of Egypt, Bank Audi Egypt and United Bank Egypt to finance the importing of turbine spare parts, in addition to EGP 4.6 billion loan. More»
Mohamed Hamdy - 2013-03-28 09:23:26
The National Bank of Egypt (NBE) signed the definitive agreement of the EGP 200 million loan offered to Al-Watania Poultry Company last week. Sources the Murabaha loan will finance the company’s expansions including the purchasing of raw materials, machines and equipments in the current period. The value of the bank's Islamic finances rose about EGP 220 million to register EGP 420 million. The bank’s Islamic deposits are close to reach EGP 1 billion, but the bank does not target to increase them by the upcoming period because the loan-to-deposit ratio is low in the meantime due to the current market recession, sources noted. The bank has two Islamic branches; one in Dokki which acquires 80% of deposits, and the other in Al-Azhar which acquires 20% of deposits. More»
Radwa Alaa - 2013-03-28 09:04:04
The Central Bank of Egypt (CBE) offers on Thursday US$ 40 million to local banks at its 40th FX auction and the 24th one since the appointment of Hisham Ramez as governor of CBE since last February. This raises the value of dollars offered by CBE under the leadership of Ramez to about US$ 1 billion. Ramez reduced the value of dollars offered at FX auctions as CBE was offering US$ 75 million, then US$ 50 million at two auctions and US$ 40 million at the latest auctions so as to ration the disbursement of foreign currency especially after foreign reserves fell to US$ 13.5 billion. The value of dollar surged EGP 0.44 to reach EGP 6.81 since the implementation of FX auction mechanism at the end of 2012, up from EGP 6.37. Then, the value of dollar began to fall against the Egyptian pound concurrently with the appointment of the new governor at the beginning of last February as the value of dollar dropped EGP 0.08 to register EGP 6.73 on the second day of Ramez's term. However, it rose again to register EGP 6.83. More»