Moody’s Ratings affirmed ratings and assessments for five Egyptian banks and reversed their outlook from negative to …
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Bank of Alexandria
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The US exchange rate against the Egyptian pound maintained its rates within bank dealings on Sunday. According …
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Banks
Moody’s assigns Counterparty Risk Assessments to five Egyptian Banks
by Yomna Yasserby Yomna YasserMoody’s Investors Service assigned Tuesday counterparty risk assessments (CR Assessments) to five Egyptian banks. It has assigned …
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International credit ratings agency Moody’s upgraded Friday the local currency (LC) deposit ratings of five Egyptian banks …
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Moody’s Investors Service (“Moody’s”) has today affirmed and changed to stable from negative the outlook on the …
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Tech news
Fawry Ink Mobile Payment Service Contracts with AlexBank and Audi Bank
by Salma Aymanby Salma AymanFawry, Egypt’s leading nationwide Electronic Bill Presentment and Payment (EBPP), signed two contracts with two local banks; …
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Banks
AlexBank Contributes EGP13mn to FEB’s Initiative to Support Egypt Economy
by Yomna Yasserby Yomna YasserAlexBank will contribute 13 million Egyptian pounds to support the Arab country’s economy and carry out a …
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AlexBank, a member of Intesa Sanpaolo Group, will not contribute to ‘Long Live Egypt’ fund, CEO Roberto …
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Banks
Retail Loans Invade AlexBank, Is Intesa ‘Serious’ about Funding Plans in Egypt?
by Yomna Yasserby Yomna YasserAfter being institutions’ lender, is AlexBank turning into a retail bank? During first quarter, Bank of Alexandria …
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Bank of Alexandria has written off non-performing loans (NPLs) worth around EGP 116.7 million during the first …
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