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Moody’s raises EAB’s Outlook to Stable

for EAB's Ba2/Not-Prime foreign currency deposit rating Moody's Investors Service has changed the outlook for Egyptian American Bank's (EAB) D+ financial strength rating to stable from negative. The outlook for EAB's Ba2/Not-Prime foreign currency deposit ratings remains ...

15/08/2010 - 12:32 - comment 0

Standard Chartered withdraws from EAB acquisition talks

prospects in the Middle East. EAB’s major shareholders, The British-based banking ... stake in the Egyptian American Bank (EAB), citing uncertainty over prospects in the Middle East. EAB’s major shareholders, American Express Bank (AMEX) and Bank of Alexandria, have subsequently taken EAB off ...

15/08/2010 - 15:36 - comment 0

EAB posts 3.4 percent net income increase in 1H 2002

The Egyptian American Bank (EAB) posted a 3.4 percent ... compared to EP 38.5 million results from the s The Egyptian American Bank (EAB ... months of the year. EAB was more successful in the area of non-interest income, posting a 40.7 percent ...

15/08/2010 - 14:09 - comment 0

EAB denies plans to lay off 200 employees

The Egyptian American Bank (EAB) was recently rumored ... by the formation of a higher bank c The Egyptian American Bank (EAB) was recently rumored ... and technical systems, reported Al-Alam Al-Yaum. The EAB has denied the rumors, saying that no official ...

15/08/2010 - 14:25 - comment 0

Kuwait NBK says not seeking Egypt's EAB

Bank (EAB) but reiterated its interest in enter KUWAIT, (Reuters) - ... to buy Egyptian American Bank (EAB) but reiterated its interest in entering the most populous Arab ... Executive Ibrahim Dabdoub told Reuters when asked about the planned sale of EAB.    Bank ...

15/08/2010 - 15:54 - comment 0

Egyptian American Bank net income plunges 34 percent in 1Q02

The Egyptian American Bank (EAB) reported a 34 percent fall in its net profits for the first quarter of FY02. During the first three months of the year, EAB’s net profits totaled EP20.11 million ($4.3 The Egyptian American Bank (EAB ...

15/08/2010 - 14:17 - comment 0

Three Banks Submit Bids for Majority Stakes in Egyptian Bank

submitted bids for a majority stake in Egyptian American Bank (EAB). Three banks, including Standard Chartered, have submitted bids for a majority stake in Egyptian American Bank (EAB), reported the weekly Middle East Times.   EAB is 40 percent owned by American Express Bank, 32 percent ...

18/05/2010 - 19:20 - comment 0

Egyptian American Bank launches private mortgage company

Chairman of the Egyptian American Bank (EAB) Mahmoud ... Bank (EAB) Mahmoud Abdel Latif has announced the establishment of Egypt's first private sector ...   The new entity jointly owned by EAB, International Financial Corporation (IFC), Deutsche ...

15/08/2010 - 12:22 - comment 0

Egyptian American Bank to deploy i-flex solutions

American Bank (EAB) as its cor i-flex solutions, India-based provider ... FLEXCUBE has been selected by the Egyptian American Bank (EAB) as its core-banking platform.     ... and managing director of i-flex solutions limited.    EAB will deploy FLEXCUBE Universal Banking ...

15/08/2010 - 12:41 - comment 0

Fitch Withdraws ratings for Egyptian American Bank

American Bank (EAB) at the request of the bank's management, stated a press release.   At the time of the withdrawal, EAB's Long-term foreign curr Fitch Ratings has, withdrawn its ratings for Egyptian American Bank (EAB) at the request of the bank's management, stated a press ...

15/08/2010 - 12:31 - comment 0