The move reflects the power of the Group’s full suite of financial services across three key verticals: EFG Hermes (the investment bank), EFG Finance (the NBFI), and aiBANK (the commercial bank), by providing businesses of all sizes and people of all income levels in some of the world’s most compelling markets with the tools and access to finance they need to live better lives, build their businesses, and drive sustainable change EFG Hermes Holding announced today that it has successfully rebranded to EFG Holding (EGX: HRHO – LSE: EFGD) to ensure the brand evolves in line with the Group’s expansion across … Continue reading EFG Hermes Holding Rebrands to EFG Holding, Signaling Strategic Transformation into a Trailblazing Financial Institution with a Universal Bank in Egypt and the Leading Investment Bank Franchise in Frontier and Emerging Markets

The Financial Restructuring MENA Conference, hosted by Abu Dhabi Global Market (ADGM) brought together large corporates, family offices, MENA’s largest banks by assets and key stakeholders to address corporate insolvencies and debt restructurings in the wider MENA region at the ADGM Authorities Building in Abu Dhabi. The conference highlighted successful restructuring solutions for large corporates and family businesses in the current market conditions while fostering effective management of non-performing asset (NPA) portfolios of MENA’s banks. Discussions on the second day will focus on driving business turnarounds in volatile markets, the challenges and opportunities in MENA’s real estate sector and an … Continue reading Corporate restructuring success stories, optimal strategies, and solutions takes centre stage at the Financial Restructuring MENA Conference

The Financial Restructuring MENA Conference, hosted by Abu Dhabi Global Market (ADGM), under the strategic partnership of Bankruptcy Commission Saudi Arabia, will convene large corporates, family offices, MENA’s largest banks by assets and key stakeholders to address corporate insolvencies and debt restructurings in the wider MENA region from the 15th to 16th March 2023 at the ADGM Authorities Building in Abu Dhabi. With the hike in interest rates by the US Federal Reserve, rising inflation and global macro-economic situation, combined with MENA’s central banks recently ending economic support schemes offered during Covid-19, corporates are increasingly under pressure of the tightening … Continue reading FINANCIAL RESTRUCTURING MENA CONFERENCE TO ADDRESS SUCCESSFUL DEBT RESTRUCTURING AND BUSINESS TURNAROUND

Japan International Cooperation Agency (JICA) and the Bank of Palestine (BOP) signed a USD$30 million Loan agreement for an Additional Tier 1 Investment in the capital of the bankfor the purpose of lending to small and medium enterprise (SME) projects. The loan is perpetual but can be converted into common equity shares should an agreed upon trigger event occur. The instrument will enter into effect later in 2023 and will require approval of the bank’s general assembly. Hashim Shawa, Chairman, Bank of Palestine, said: “This is the first such instrument to be introduced in Palestine as a way for the … Continue reading Japan International Cooperation Agency and Bank of Palestine sign agreement for Additional Tier 1 investment in bank capital