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According to the signed agreement, Crédit Agricole Egypt will provide a medium-term loan to be repaid over five and a half years, which shall cover 80% of the helicopter’s total value. The cooperation between the bank and PAS, which began in 1983, represents a major step in the long-term fruitful partnership aiming for the company’s expansion into air transport services inside and outside Egypt.
The ratings of CAE reflect potential support from its ultimate shareholder, France’s Credit Agricole (CA), the press statement indicates.
Five banks only earn billions in net profits, other banks acquired under EGP 1bn each
Crédit Agricole Egypt reported a net profit of EGP 2.2bn at the end of 2018 up by 12.4% year-over-year (Y-O-Y), according to the bank’s financial results released on Sunday on the year that ended in December 2018. The bank’s return on equity reached 55% in 2018, while earnings per share went up by 12.36% to …
Financial statements of 10 banks reflect significant growth in profits by end of June 2018 YOY
We have CSR philosophy based on sustainability, empowerment, says managing director
EGP 40.7bn volume of deposits by the end of June, increase in loans volume to EGP 18.9bn
We have launched our activities in the Egyptian market 10 years ago and seek to continue and expand it, says Drion
A banking alliance of 10 major banks signed a syndicated long-term loan to Etisalat Egypt, amounting to EGP 6bn, to finance the purchase of the 4G licence and the new frequencies, as well as the repayment of the existing dues and the company’s operation expenses. The alliance included the National Bank of Egypt (NBE), the …
Banking sector accounts for 77% of total outstanding balances of bills
Trade facilitation programme will allow Crédit Agricole to provide more support to its clients in Egypt and help the country’s economic growth, says EBRD Egypt director
Figures show that there is a 60% increase in the bank’s earnings in Q1 of 2015, compared to the same period in 2014
CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country
Blom Bank Egypt, the Arab Bank, NSGB and CIB among those negotiating with the electronic payment system company