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Ardshinbank Signs $25 Mln Trade Finance Facility With Citi And ADB

Friday, 15 Dec 2017 06:00am EST

Dec 15 (Reuters) - Ardshinbank::ARDSHINBANK SIGNS $25 MILLION TRADE FINANCE FACILITY WITH CITI AND ADB.ARDSHINBANK SAYS SIGNED $25 MILLION ONE-YEAR CLUB TRADE FINANCE FACILITY ARRANGED BY CITI WITH ASIAN DEVELOPMENT BANK.ARDSHINBANK SAYS ADB IS SUPPORTING PORTION OF FACILITY THROUGH THEIR TRADE FINANCE PROGRAM (TFP) IN FORM OF GUARANTEE.

EFG Hermes Launches 'valU' for Installment Sale Services in Egypt

Thursday, 14 Dec 2017 08:32am EST

Dec 14 (Reuters) - EFG HERMES HOLDINGS ::LAUNCHES FINTECH SOLUTION UNDER BRAND NAME 'VALU', OFFERING EGYPTIAN CONSUMERS PAYMENT-ON-INSTALLMENT PROGRAMS‍​.ALLOCATES AN INITIAL EGP 250 MILLION IN INVESTMENTS TO ITS NEW VENTURE, WITH MORE ALLOCATION TO BE DEPLOYED AS 'VALU' EXPANDS ITS CLIENT BASE, VENDOR NETWORK.SAYS 'VALU' WILL MAKE OFFICIAL DEBUT DURING JANUARY 2018, INITIALLY BEING ROLLED-OUT IN GREATER CAIRO.

Quirin Privatbank To Create "Quirion" Business Unit As Independent Entity

Tuesday, 12 Dec 2017 01:50am EST

Dec 12 (Reuters) - Quirin Privatbank AG ::SAID ON MONDAY PLANS TO ESTABLISH BUSINESS ACTIVITIES OF 'QUIRION' UNIT AS AN INDEPENDENT ENTITY.SAID THAT AFTER CREATION OF FURTHER NECESSARY CONDITIONS EXPECTS TO INTRODUCE "QUIRION" BUSINESS UNIT (PROBABLY IN FIRST QUARTER OF 2018) AS INDEPENDENT COMPANY WHICH IS EXPECTED TO CONTINUE THE BUSINESS UNDER THE NAME "QUIRION AG".

Citigroup’s WorldLink Payment Services Expands Cross-Currency ACH Offering to 60 Countries

Monday, 11 Dec 2017 09:00am EST

Dec 11 (Reuters) - Citigroup Inc ::ITS TREASURY AND TRADE SOLUTIONS HAS EXPANDED WORLDLIN PAYMENT SERVICES CROSS-BORDER ACH CAPABILITIES TO 60 COUNTRIES.

Egypt's EBE, AFREXIM Bank and ECGE to Sign $500 mln Joint Agreement

Tuesday, 5 Dec 2017 02:43am EST

Dec 5 (Reuters) - EXPORT DEVELOPMENT BANK OF EGYPT ::SAYS BANK, AFRICAN EXPORT-IMPORT BANK AND EXPORT CREDIT GUARANTEE COMPANY OF EGYPT (ECGE) TO SIGN $500 MILLION EXCLUSIVE JOINT AGREEMENT ON DECEMBER 08, 2017.SAYS THE DEAL COMES UNDER EXPORT CREDIT SUPPORT SCHEME.

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