Tag: Egypt
Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion
The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals
Emirates NBD-Egypt expands footprint with Qena Governorate branch
The opening of the new branch follows the opening of the Shebin Al-Kom branch in November 2023 and the Zagazig branch in Sharqia Governorate last month
Egypt’s EFG Finance secures license for its new NBFI venture
The new venture is poised to complement EFG Finance’s core offering by catering to the financing needs of SMEs in Egypt
Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion
Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier
ALEXBANK, Mastercard to launch new payment products in Egypt
The partnership seeks to advance the bank’s payment solutions strategy and enhance the financial services landscape
FABMISR expands footprint with Banha City branch
The inauguration of the new branch in Banha marks a significant strategic milestone for FABMISR.
NBK-Egypt reports EGP 4.02 billion in annual net profit
Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023
Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt
The Abu Dhabi fund will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments
ICD, Banque Misr to provide $30 million SME finance
Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments
UAE’s Mashreq Global Network, ITIDA partner to expand operations in Egypt
Mashreq Global committed to hiring a minimum of 300 new Egyptian employees over the three-year duration of the agreement