Mubasher TV
Contact Us Advertising   العربية

Banking & Insurance

Photo Gallery
3 March 02:10 PM Beltone Leasing pens EGP 925m factoring deal for Redcon Properties
Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed an EGP 925 million syndicated factoring deal for Redcon Properties. The agreement is aimed at providing financial support to Redcon Properties, the real …
Photo Archive
3 March 01:29 PM Emaar Misr records EGP 6.8bn consolidated profit in 2023
Cairo – Mubasher: Emaar Misr for Development logged a consolidated net profit after tax of EGP 6.81 billion in 2023, versus EGP 6.56 billion a year earlier. Consolidated revenues grew to EGP 15.09 billion last year from EGP 14.73 billion in 2022, …
Photo Archive
3 March 10:54 AM Suez Canal Bank registers higher profits in 2023, capital hike proposal
Cairo – Mubasher: Suez Canal Bank achieved EGP 2.29 billion in net profit after tax during 2023, an annual growth from EGP 1.04 billion. Net interest income amounted to EGP 3.24 billion as of 31 December 2023, marking a year-on-year (YoY) hike …
Photo Archive
3 March 10:48 AM ADIB Egypt withdraws acquisition offer of Cairo National for Investment
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has withdrawn a mandatory tender offer (MTO) to acquire the free float shares of Cairo National for Investment and Securities company. The offer was originally submitted on 14 December …
Photo Archive
3 March 10:31 AM B Investments’ board nods to $3m investments into Basata
Cairo – Mubasher: B Investments Holding’s board of directors has approved investing $3 million in Basata Holding for Financial Payments and its affiliates. The investment is set to fund Basata’s regional expansion plan, according to a bourse …
Photo Archive
3 March 10:01 AM CBE issues T-bills worth EGP 50bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 50 billion through two equal issues on Sunday, 3 March 2024. Each auction was valued at EGP 25 billion, according to the CBE's official …
Photo Archive
29 February 06:08 PM FAB’s unit in Egypt records 131% leap in 2023 profits
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a business of the UAE listed FAB operating in Egypt, achieved a 131% year-on-year (YoY) jump in net profit to EGP 10.40 billion in 2023, according to the financial statements. The net loans …
Photo Archive
29 February 10:20 AM CBE offers EGP 60bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) worth EGP 60 billion through two offerings on Thursday, 29 February 2024. The first issue was valued at EGP 30 billion and will mature in 182 days on 3 September …
Photo Archive
28 February 04:17 PM HD Bank registers 141% YoY higher consolidated profit in 2023
Cairo – Mubasher: Housing and Development Bank (HD Bank) logged a 140.60% year-on-year (YoY) surge in consolidated income after tax to EGP 6.56 billion in 2023 from EGP 2.72 billion. Interest income jumped 69.70% YoY to EGP 17.01 billion last year …
Photo Archive
27 February 12:54 PM Qalaa Holdings’ unit settles EGP 1.4bn debt with 3 banks
Cairo – Mubasher: National Development and Trade (NDT), a subsidiary of Qalaa Holdings, has signed agreements with three banks to fully settle a total debt of EGP 1.44 billion. NDT also entered into an agreement with another bank to settle an EGP …
Photo Archive
26 February 04:28 PM NBK-Egypt’s profits exceed EGP 4bn in 2023
Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK Egypt) generated net profits valued at EGP 4.02 billion (KWD 41.40 million) in 2023, an annual hike of 120.21% from EGP 1.82 billion (KWD 30.70 million). Net operating income increased by …
Photo Archive
26 February 03:02 PM QNB Al Ahli unveils payment date for EGP 1/shr dividends
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) announced the distribution date of the EGP 1 per share dividends, approved for 2023, to be on 14 March 2024. The end of the right date will be on 11 March, according to a bourse filing. …
Photo Archive
26 February 10:13 AM CBE issues EGP 2.25bn T-bonds on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a combined value of EGP 2.25 billion on Monday, 26 February 2024, through two issues. The first tranche was valued at EGP 2 billion and will mature in three …
Photo Archive
25 February 02:47 PM EBE’s consolidated profits jump to EGP 3.4bn in 2023
Cairo – Mubasher: The consolidated net profits after tax of the Export Development Bank of Egypt (EBE) reached EGP 3.40 billion in 2023, higher year-on-year (YoY) than EGP 1.33 billion. The lender posted net income valued at EGP 5.71 billion as of …
Photo Archive
25 February 12:05 PM Banque du Caire anchors MSMEs in Egypt via $50m financing
Cairo – Mubasher: Banque du Caire is set to receive a financing package of $50 million (EUR 46 million) from the European Bank for Reconstruction and Development (EBRD), according to a press release. The EGX-listed lender will use the investment …
Photo Archive
25 February 10:40 AM CBE auctions T-bills worth EGP 62bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 62 billion through two auctions on Sunday, 25 February 2024. The first tranche stood at EGP 35 billion, holding a tenor of 91 days until …
Photo Gallery
22 February 11:05 AM Emirates NBD-Egypt inks EGP 400m with ADIB’s leasing arm
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, penned a medium-term loan agreement worth EGP 400 million with Abu Dhabi Islamic Finance (ADIFinance), the leasing arm of Abu Dhabi Islamic Bank (ADIB). In line with …
Photo Archive
22 February 09:32 AM CBE issues EGP 70bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a total value of EGP 70 billion through two auctions on Thursday, 22 February 2024. The first tranche was valued at EGP 35 billion and will mature in 182 days on …
Photo Gallery.
21 February 08:36 PM SCMF 2024 marks launch of Single Stock Options contracts on SNB
Riyadh – Mubasher: The third edition of the Saudi Capital Market Forum (SCMF) has witnessed the successful rollout of Single Stock Options (SSOs) contracts on the Saudi National Bank (SNB). The debut of SSOs on the SNB is expected to empower both …
Photo Archive
21 February 02:07 PM Beltone Holding signs agreement to facilitate expansion in Africa
Cairo – Mubasher: Beltone Holding has entered into a multidimensional collaboration agreement with the BOA Group, the holding company managing the Sub-Saharan subsidiaries of Bank of Africa - BMCE Group. The Egyptian company is mulling over …
Photo Archive
21 February 11:49 AM National Investment Bank lowers stake in Misr Beni Suef for EGP 504.5m
Cairo – Mubasher: The National Investment Bank reduced its equity ownership in Misr Beni Suef Cement to 14.99% from 15.03%, according to a bourse disclosure. The lender sold 10,351 shares in the EGX-listed firm at a value of EGP 504.42 million and …
Photo Gallery
20 February 05:55 PM EBE to secure $25m loan from EBRD for SMEs
Cairo – Mubasher: Export Development Bank of Egypt (EBE) announced that it will sign an agreement with the European Bank for Reconstruction and Development (EBRD) on 21 February to secure a loan of up to $25 million. The new loan will come within …
Photo Gallery
20 February 10:21 AM Banque Misr backs SMEs industry in Egypt via $30m financing
Cairo – Mubasher: Banque Misr signed a letter of intent to provide a $30 million financing line dedicated to financing private sector projects and backing small and medium enterprises (SMEs) in Egypt. The agreement was penned with the Islamic …
Photo Archive
19 February 02:45 PM CIB obtains FRA’s nod for capital hike
Cairo – Mubasher: The Financial Regulatory Authority (FRA) granted its approval for the Commercial International Bank-Egypt (CIB) to increase the issued and paid-up capital to EGP 30.43 billion from EGP 30.19 billion. CIB aims to raise its issued …
Photo Archive
19 February 12:11 PM Al Baraka Bank-Egypt records EGP 2.2bn consolidated profit in 2023; dividends proposed
Cairo – Mubasher: Al Baraka Bank-Egypt posted a consolidated net profit after tax of EGP 2.21 billion in 2023, up from EGP 1.74 billion a year earlier. Customers’ deposits rose to EGP 84.92 billion in 2023 from EGP 74.31 billion in 2022, according …