13 Jun 2016
(MENAFN) Egypt’s EFG-Hermes plans to USD122 million to shareholders and step up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais.
Egypt’s largest investment bank will reward its shareholders in cash and share buybacks after having completed the USD310 million stake sale last week.
The bank will also pursuing plans to boost capital reserves at subsidiaries in the United Arab Emirates, Kuwait and possibly Saudi Arabia.
“We will be required to enhance capital structure, meet capital adequacy requirements and embrace opportunities as they appear by injecting capital in our subsidiaries,” EFG-Hermes said in a bourse statement.
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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