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We provide necessary training to develop skills, and cooperate with two rehabilitation centres, says Elfakharany
New account combines money box and “gameaya” (joint fund), with accumulated interests not affected by market changes says bank official
Blood donation campaigns were held over two weeks in some of the bank’s main branches, in cooperation with Takatof Foundation
The celebration was held in the National Museum of Egyptian Civilization, and organised by the National Egyptian Committee of the International Council of Museums (ICOM Egypt) in cooperation with Ministry of Antiquities.
Citibank’s individual clients amount to 600,000, with funding portfolio of EGP 1.7bn
There are abundant opportunities across Egyptian market, says Chairman
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
Bank said growth was driven by increase in non-interest income on increased trade finance, foreign exchange volumes and capital gains from investments
Dollar crisis will soon end during the next period, funding economic activities will be priority, says Director of Arab Banking Corporation
57357 hospital celebrate increasing its capacity by 30% by adding 60 beds
Without social role and ensuring adequate standard of living for individuals, banks’ profits will be badly affected
CIB Q3 net profit rises 5.6% Egypt’s leading bank, Commercial International Bank (CIB), reported a 5.6% rise in the third quarter (Q3) net profit. The bank added that the net profit stood at approximately EGP 972m, up from EGP 920.4m in the same quarter last year. Q3 consolidated revenues were EGP 2.04bn, up 17% from …
Reducing subsidy system expenses in the 2014/2015 fiscal year (FY) budget will help drive Egypt’s economy forward, economic analysts said at the Euromoney Conference, currently being held in Cairo.. It is essential to reduce public expenses for Egypt’s economy, especially with regards to the energy situation, said Managing Director of Qalaa Holding Hisham El-Khazindar. El-Khazindar …
Investment will be accompanied by additional $20m loan from the CIB
Project expected to yield around EGP1.3bn, company says
The joint-brand credit card was launched through the “Mileseverywhere” initiative, which offer client new benefits.
HSBC dropped 13 places on the efficiency indicator as its profits declined, whereas Barclays took third place.
Agreement aids in addressing critical market demand for trade finance in Africa, the bank says
Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egypt’s biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank “in the open market to a group of international investors”. The shares were sold to Egyptian and other Arab institutions …
Loan will finance phase two of Cairo Festival City Project, says Al-Futtaim Managing Director
Reuters – Egypt’s bourse rose on Wednesday as the country’s biggest listed bank posted strong fourth-quarter earnings, while markets in the United Arab Emirates weakened after a disappointing earnings report from Abu Dhabi property developer Aldar. Egypt’s index added 1.0% to 7,571 points after Commercial International Bank (CIB) posted a 29% rise in quarterly net …
The bank’s revenues for the fourth quarter rose by 15% to EGP 1.74bn.
Ratings agency upgrades long-term ratings on National Bank of Egypt, Banque Misr and Commercial International Bank to B- from CCC+, raises public information rating on NSGB.
CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country
AUC signs agreement with CIB to establish CIB endowed professorship in banking
Faisal Islamic Bank of Egypt announced net profits worth EGP 370.816m in the first half of 2013 compared to EGP 283.696m during the same period last year, marking a 31% increase.
Performance indicators also show Egyptian Gulf Bank achieved fastest growth
CIB rated as most efficient, followed by NSGB, while HSBC places third due to its refusal to disclose information on its non-performing loans
Banks dominate list
The workshop, ‘Exchange Services for Companies’, targets SMEs and is organised in concert with the Goethe Business School at Frankfurt University and the EBRD