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The syndicated credit facility will partially finance the investment cost of Hacienda Bay, one of the real estate developer’s major projects in the North Coast, according to a statement to the Egyptian Exchange on Thursday.
Real Estate Development Chamber’s cooperation with Banque Misr will overcome global health crisis, says chamber chairperson
Bank to continue buying shares in CI Capital to bring its stake to 20-25%, say sources
Banque Misr signed the protocol as part of its vision to stimulate the real estate market and provide adequate housing for all segments of society. The protocol also comes in line with the state’s desire to provide mechanisms that contribute to the development of the real estate market.
Protocol aims to provide appropriate, encouraging financing climate for SMEs working in Egypt’s ICT sector, says Amr Talaat
Project aims to establish integrated industrial city that includes furniture manufacturers and specialists
Construction to be completed in three years, first phase units to be delivered by 2023
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.
80% of NBE’s certificate sales took place online
CBE included microfinance sector in the initiative on Monday
Okasha as deputy chairperson, Abaza as treasurer
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
EGX30 down 17.7% last week despite Thursday’s session 5% increase
Both banks to offer 1-year saving certificates with 15% yield on Sunday
Managing Director of Fawry Mohamed Okasha said the new agreement was the result of fruitful cooperation between the two sides. It would be in their mutual interest which is expanding the banking sector’s digital services.
SODIC had signed the partnership agreement for the 500-feddan plot with the NUCA in March 2019. Since then, the company has been awarded the ministerial decree and launched the first neighbourhood of the project “VYE” which achieved over EGP 1bn in booked sales.
The loan will finance inventory needed to operate ESISCO production lines
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
The CBE has instructed banks working in the local market to allocate 20% of their loan portfolios to finance SMEs. El-Etreby pointed out that NGOs were also included within this segment.
FAB scores highest growth in assets by 258.9%
New centres’ locations selected as per Egypt’s investment opportunities map
Bank signs cooperation protocol with universities to provide workspaces for entrepreneurs
EGP appreciation poses itself risk, as most of revenue generated is priced in USD
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
All bodies subject to this law shall comply with its provisions within six months from imposing its regulations
List includes NBE, Banque Misr, CIB – Egypt
Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal Bank
Pound value against dollar gains over 23 piasters in March, 62 piasters since January