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        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        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        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        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        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

Amwal Al Ghad English - 2013-07-26 11:57:32
Investors are ignoring criticism from Standard & Poor’s that Svenska Handelsbanken AB (SHBA) is too reliant on short-term funding as bonds sold by the European Union’s best-capitalized bank rally. Since S&P’s July 19 warning, the yield on Handelsbanken’s 4.194 percent perpetual bond eased to its lowest since the middle of June. Five-year credit default swaps on its senior unsecured debt were unchanged at 65 basis points, a few basis points lower than contracts on the governments of Japan and France, suggesting a smaller risk of default. The bank’s shares have gained 5.5 percent since the end of last week, beating a 2.5 percent gain in the 40-member Bloomberg index of European banks. “Handelsbanken’s model is essentially unchanged over 40 years and is tried and tested,” Nick Anderson, an analyst at Joh. Berenberg, Gossler & Co. KG in London, said by phone. “I trust Handelsbanken, but can’t say the same about many European banks. Handelsbanken manages for risk; most European banks manage for regulation.” Focus on short-term funding reliance has grown since the collapse of Lehman Brothers Holdings Inc. crippled the wholesale lending market almost five years ago. The ensuing panic helped bring down the entire financial system in Iceland as banks stopped lending to each other. In Sweden, a lack of short-term dollar funds in 2008 forced the Riksbank to provide as much as $30 billion to support the nation’s biggest banks. More»
Amwal Al Ghad English - 2013-07-25 10:17:09
Demonstrating continued strong and prudent growth, Ahlibank posted a net profit of RO 12.50 million for the six months ended June 30, 2013, which represents a 6 per cent rise over earnings of RO 11.80 million reported as of June 30, 2012. These results are a direct consequence of Ahlibank's business strategies and the adoption of a long-term view of business and its commitment to a sustainable business model in the interest of all its stakeholders, Ahlibank said in a press statement. The Bank continues to grow in a prudent way and has established robust risk management policies and procedures enabling it to remain focused on quality of its assets without affecting its ability to expand its business objectives, it added. Highlighting Ahlibank's key achievements and developments in the first half of 2013, Hamdan bin Ali al Hinai, Chairman of Ahlibank said, "Ahlibank has evolved year over year in a measured and controlled manner, based on investing in its human, technical and product capitals. This approach has yielded excellent dividends. The Bank's business and financial model promotes to maintain and leverage established relationships; developing new ones with a sustainable revenue generation capacity and at the same time ensuring very high credit quality and service standards." The Bank's customer deposits have grown by 20 per cent in line with the strategy to build a stable low cost deposit base. Loan growth of over 17 per cent has been established with a prudent risk management approach and in a diversified manner. Total assets as of 30th June 2013 stood at 1,297 million showing an increase of 23 per cent as compared to the same period in the previous year. More»
Amwal Al Ghad English - 2013-07-25 10:11:46
The Commercial Bank of Dubai 's ( CBD ) net profit for the first 6 months of 2013 increased by 2.3% to Dhs497m as compared to Dhs486m for the same period of 2012. Bank's Operating income also increased by 4.6% to Dhs983m, up from Dhs940m in the first half of 2012. Net interest income of Dhs694m was 3.2% higher compared to Dhs673m for the corresponding period last year. Non-interest income at Dhs289m was 8% higher compared to Dhs268m for the same period last year. Operating expenses increased by 6.3% to Dhs295m from Dhs278m for the same period in 2012, reflecting continued investments in our resources and franchise. The efficiency ratio was maintained at comfortable 30%,slightly higher than 29.5% for same period in 2012. The Bank in a press release stated that it continues to maintain its unique profitability record of achieving annual growth in net profit since 2008 throughout the financial crisis. More»
Amwal Al Ghad English - 2013-07-25 10:08:34
Bank Nizwa , Oman's first Islamic bank and Al Hilal Islamic Banking Services from ahlibank have entered into a Wakala agreement, which will facilitate interbank placements between the two banks. The agreement is an important first step by the two banks to develop Oman into one of the frontrunners in the international Islamic banking space. Al Hilal Islamic Banking Services becomes the first Islamic bank to enter into such an agreement with Bank Nizwa . The Wakala agreement signed by the two banks is Sharia-compliant and follows the widely accepted Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) standards making it easier for Omani banks to also engage with international Islamic banks for their interbank liquidity management. The two banks emphasised their commitment to develop the local Islamic interbank market through mutual cooperation and thus set a precedent for other Islamic banks to sign similar agreements and to eventually develop a seamless Islamic banking infrastructure in the Sultanate. More»
Sayed Badr - 2013-07-25 10:03:05
Through its eighth repurchase agreements (Repo), Egypt's Central Bank (CBE) has offered the local banks on Thursday cash liquidity worth EGP 8 billion for 6-day maturity at interest rates of 10.25%. This comes in the light of the reactivation of the Repo operations last June. CBE , via its official website, has referred that the banks had obtained cash liquidity worth EGP 10 billion during last week through Repo. This comes after 10-weeks suspension of the Repo operations, whereas, CBE had withdrawn deposits worth EGP 140 billion according to “Auction Portal System”. The Central bank had launched “Auction Portal System” April 2013. Last March, Egypt’s Central Bank had declared that it shall reintroduce deposit operations to absorb excess liquidity starting April 2nd. CBE had announced also that the deposits shall have 7 days maturity with a fixed annual interest rate of 10.25%. More»