07/01/2012
The fees totalled nearly $14 billion in the second quarter, down from more than $18 billion in the first quarter of 2012. Year to date, fees have totalled $32 billion, down 25 percent from the same period in 2011.
06/11/2012
The Cairo-based bank, founded in 1984, has seen its market value drop steeply since the turmoil of last year's uprising in Egypt.
06/04/2012
Revenues for the quarter split as 62% contributed by the Commercial Bank and 38% by the Investment Bank.
06/03/2012
EFG-Hermes, which operates in countries including Egypt, Saudi Arabia and the UAE, would extend its reach to Turkey and as far as Southeast Asia through the venture. Planet IB chief executive officer Ahmed El Houssieny may pursue a hostile takeover of EFG
05/10/2012
His statement put the central bank on collision course with The People’s Assembly, Egypt’s lower house of parliament.
05/07/2012
EFG Hermes Holdings and QInvest have announced that they have entered into a definitive agreement involving EFG Hermes' Brokerage, Research, Asset Management, Investment Banking and Infrastructure Fund businesses.
04/26/2012
The investment bank would be the largest in “the Arab World, Africa, Turkey, South and South East Asia, with the possibility of QInvest holding majority stake,” Cairo-based EFG-Hermes said in a statement today.
04/08/2012
"We are particularly pleased with the performance of the Commercial Banking Platform in the first full year since Crédit Libanais became part of the EFG Hermes family,"noted EFG Hermes Chief Executive Officer Yasser El Mallawany.
02/05/2012
The new Shoubra Branch in Northern Cairo is strategically located in one of the largest districts of the Greater Cairo area.
01/11/2012
The mounting crisis in the advanced economies is expected to cause the euro area (-1.5%) and the UK (-1.3%) to fall back into recession and US growth (+1.7%) to remain below-trend.
12/14/2011
The decline in liquidity and a shortage of U.S. dollars at some European banks may create “tensions” for some Middle East companies as they seek to refinance debt over the next 12 to 36 months
11/29/2011
Goldman bullish on MENA
11/09/2011
The solid results come despite economic and political woes in the country
10/02/2011
AAIB recognized as best investment bank in Egypt
09/13/2011
MENA banks safer as giants stagger
08/22/2011
Both sides have agreed that there should be a public share offering at a later stage. This would help to integrate the Egyptian and Saudi Arabian capital markets.
08/14/2011
Net profit fell to 79 million Egyptian pounds ($13.2 million) from 97 million pounds in the second quarter of 2010, it said in an emailed statement.