* EFG-Hermes Holding SAE said it was named one of six Middle Eastern and North African constituents in the FTSE4GOOD Emerging Index. The bank, which reported a year-over-year rise in 2016 net profit attributable to shareholders to 6.01 billion pounds from 4.73 billion pounds, also intends to issue a Tier 2 capital loan of up to $300 million. * Commercial International Bank (Egypt) SAE proposed a cash dividend of 50 Egyptian piastres per share for 2016, down from 75 piastres in the previous year, as it booked a 325 million pound decline in the value of its assets and commitments in foreign exchange in the wake of the pound's flotation, Reuters writes. Insiders tell the newswire that the state-owned lender will list on the stock market next week and launch an IPO by the first half, potentially becoming the biggest stock offering in the country since 2010. * Banque du Caire SAE filed a formal request to list its shares on the Egyptian stock exchange in the first half, Reuters reports. Atlas Mara said the partnership will "pave the way for up to 20 million consumers and 100,000 merchants across Africa to be digitally and financially included in the formal financial sector by 2020." that will, among other things, enable Atlas Mara's operating banks in Africa to use the Mastercard's digital payment platforms. signed three strategic business agreements with Mastercard Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |